Alphabetical - D

Dated Date	??
DAX	An index of 30 top German shares traded on the Frankfurt exchange.
Day Count	A convention used for quoting interest rates.
Day Trade	A position opened and closed on the same day.
Dealing Spread	The difference between a trader's bid and offer price.
Debenture	A long-term bond issues by a UK company and secured on fixed assets.
Debt Convertible	Bond which can be converted by an investor into another bond with a different interest rate or maturity
Deep Discount Bond	This is a bond with issue price significanly below maturity price, due to lack of coupon or a coupon below the market rate.
Default	??
Defensive Stock	The share prices of these companies does not move dramatically (up and down) relative to the economy.
Deferred Payment Option	An option where the price paid is deferred until the end of the option's life.
Deferred Swap	An agreement to enter into a swap at some time in the future.
Delivery	??
Delta	The rate of change of the price of a derivative with the price of the underlying asset.
Delta Hedging	A hedging scheme that is designed to make the price of a portfolio of derivatives insensitive to small changes in the price of the underlying asset.
Delta Neutral Portfolio	A portfolio with a delta of zero so that there is no sensitivity to small changes in the price of the underlying asset.
Depository Receipt	Certificates which represent ownership of a given number of company's shares which can be listed and traded separately from the underlying shares (eg ADRs and GDR)
Depreciation	An accounting term which allows for the run-down in values of a company's assets.
Derivatives	An instrument whose price depends on, or is derived from, the price of another asset.
Devaluation	Term usually applies to currencies, which means simply a one-off loss in value (fall in price) of the currency concerbed.
Diagonal Spread	A position in two calls where both the strike prices and times to maturity are different (this can also be created with put options).
Differential Swap	A swap where a floating rate in one currency is exchanged for a floating rate in another currency and both rates are applied to the same principal.
Dilution	The reduction in earnings per share caused by the creation of new shares.
Dirty Price	Bond prices including the accrued interest element.
Discount	The margin by which the purchase price is cheaper than the redemption price
Discount Bond	see Zero-coupon bond
Discount Broker	A broker who offers a no-frills, dealing-only service for a cheap price.
Discount House	Takes the liquid money of the banking system and uses it to discount bills of exchange but Treasury Bills, etc.
Discount Instrument	An instrument such as a Treasury Bill that provides no coupon.
Discount Margin	??
Discount Rate	The annualised dollar return on a Treasury Bill or similar instrument expressed as percentage of the final face value.
Discounting	Buying / Selling a security at less than face value.
Disintermediation	Direct market borrowing or lending by companies without going through a bank.
Dividend	A cash payment made to the owner of a stock (or equity)
Dividend Paying Stock	??
Dividend Yield	The annual percentage return on a share price represented by the current dividend - usually gross.
Down-and-In Option	An option that comes into existence when the price of the underlying asset falls to a certain level.
Down-and-Out Option	An option that ceases to exist when the price of the underlying asset falls to a certain level.
Downside Risk	The risk of making a loss on a position or an investment.
Duration	A measure of the average life of a bond.
Duration Matching	A procedure for matching the durations of assets and liabilitites in a finanical institution.
Dynamic Hedging	A procedure for hedging an option position by periodically changing the position held in the underlying assets.

Dated Date ??
DAX An index of 30 top German shares traded on the Frankfurt exchange.
Day Count A convention used for quoting interest rates.
Day Trade A position opened and closed on the same day.
Dealing Spread The difference between a trader's bid and offer price.
Debenture A long-term bond issues by a UK company and secured on fixed assets.
Debt Convertible Bond which can be converted by an investor into another bond with a different interest rate or maturity
Deep Discount Bond This is a bond with issue price significanly below maturity price, due to lack of coupon or a coupon below the market rate.
Default ??
Defensive Stock The share prices of these companies does not move dramatically (up and down) relative to the economy.
Deferred Payment Option An option where the price paid is deferred until the end of the option's life.
Deferred Swap An agreement to enter into a swap at some time in the future.
Delivery ??
Delta The rate of change of the price of a derivative with the price of the underlying asset.
Delta Hedging A hedging scheme that is designed to make the price of a portfolio of derivatives insensitive to small changes in the price of the underlying asset.
Delta Neutral Portfolio A portfolio with a delta of zero so that there is no sensitivity to small changes in the price of the underlying asset.
Depository Receipt Certificates which represent ownership of a given number of company's shares which can be listed and traded separately from the underlying shares (eg ADRs and GDR)
Depreciation An accounting term which allows for the run-down in values of a company's assets.
Derivatives An instrument whose price depends on, or is derived from, the price of another asset.
Devaluation Term usually applies to currencies, which means simply a one-off loss in value (fall in price) of the currency concerbed.
Diagonal Spread A position in two calls where both the strike prices and times to maturity are different (this can also be created with put options).
Differential Swap A swap where a floating rate in one currency is exchanged for a floating rate in another currency and both rates are applied to the same principal.
Dilution The reduction in earnings per share caused by the creation of new shares.
Dirty Price Bond prices including the accrued interest element.
Discount The margin by which the purchase price is cheaper than the redemption price
Discount Bond see Zero-coupon bond
Discount Broker A broker who offers a no-frills, dealing-only service for a cheap price.
Discount House Takes the liquid money of the banking system and uses it to discount bills of exchange but Treasury Bills, etc.
Discount Instrument An instrument such as a Treasury Bill that provides no coupon.
Discount Margin ??
Discount Rate The annualised dollar return on a Treasury Bill or similar instrument expressed as percentage of the final face value.
Discounting Buying / Selling a security at less than face value.
Disintermediation Direct market borrowing or lending by companies without going through a bank.
Dividend A cash payment made to the owner of a stock (or equity)
Dividend Paying Stock ??
Dividend Yield The annual percentage return on a share price represented by the current dividend - usually gross.
Down-and-In Option An option that comes into existence when the price of the underlying asset falls to a certain level.
Down-and-Out Option An option that ceases to exist when the price of the underlying asset falls to a certain level.
Downside Risk The risk of making a loss on a position or an investment.
Duration A measure of the average life of a bond.
Duration Matching A procedure for matching the durations of assets and liabilitites in a finanical institution.
Dynamic Hedging A procedure for hedging an option position by periodically changing the position held in the underlying assets.