Date Certain
DefinitionDate certain is a legal term for the date on or by which the actions of a contract can be reasonably completed, and is considered to be legally binding. Date Certain What is 'Date Certain' A term identifying the date on/by which the specified actions of a contract can be reasonably completed. This date is important, as...
Data Smoothing
What is data smoothing and why do we need it Data smoothing is a technique used to reduce the noise or random fluctuations in data. By smoothing data, patterns are easier to identify and trends are more clearly revealed. There are many different methods of data smoothing, but they all involve creating a new set of data points that are...
Day Cycle
What is 'Day Cycle' The time period alloted for the delivery of Automated Clearing House debits and credits from an originator to its processor. Typical hours are between 8:00am and 1:00pm eastern standard time (EST). Also referred to as daytime window. Explaining 'Day Cycle' The implementation of deadlines for receipt of electronic files...
Deadweight Loss Of Taxation
DefinitionIn economics, the excess burden of taxation, also known as the deadweight cost or deadweight loss of taxation, is one of the economic losses that society suffers as the result of taxes or subsidies. Economic theory posits that distortions change the amount and type of economic behavior from that which would occur in a free market without the tax....
Dealer Financing
What is 'Dealer Financing' Loans that are originated by a retailer to its customers and are then sold to a bank or other third-party financial institution. The bank purchases these loans at a discount and then collects principle and interest payments from the borrower. Also called an indirect loan. Explaining 'Dealer Financing' A well-known...
The Concept of Effective Duration
The concept of effective duration is a way to evaluate a bond's price sensitivity to changes in interest rates. It accounts for the uncertainty about the expected cash flow of a bond. Interest rates remain volatile, and the internal rate of return is not well-defined. As a result, strategies based on Macaulay duration are not effective. The following article...
Daniel P. Amos
DefinitionDaniel Paul "Dan" Amos is an American business executive. He serves as the chairman and chief executive officer of Aflac and Aflac Incorporated. Daniel P. Amos What is 'Daniel P. Amos' The chairman and CEO of insurance company Aflac (as of 2010). Born in 1951, Dan Amos joined Aflac in 1973 as a salesman. He became CEO...
Deflation
Deflation is the opposite of the term inflation; deflation is a well-known economic term that is used to describe a period in which the prices of commodities and services fall/decline. Some of the most common causes of deflation include a decrease in: Money supply/credit Government spending Business investment High level of unemployment Consumer demand How Deflation...
David Ricardo
DefinitionDavid Ricardo was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill. David Ricardo Who was 'David Ricardo' David Ricardo was a classical economist known for his Iron Law of Wages, labor theory of value, theory of comparative advantage and theory of rents. David...
Day Rate
What is 'Day Rate' The price/cost of a particular service for a day's period. In some markets it is referred to as "per diem" (cost that an organization will pay for one days' work) and often translates to a 7.5 hour work day. Some purchasing organizations prefer a quoted day rate instead of an hourly rate for...