D

Day order
An order to buy or sell securities that automatically expires if not executed on the day it is entered.

Dealer
Any person or company in the business of buying and selling securities for his or her own account, through a broker or otherwise.

Debenture
An unsecured debt secured by general credit (the borrower's integrity), not by collateral. The debenture agreement is called an indenture.

Debit balance
Debit balances are monies owed to a broker/dealer by a customer generally resulting from the customer's purchase of securities.

Debt
Money borrowed.

Default
Failure to make timely payments on a debt.

Deficit
An excess of liabilities over assets, losses over profits, or expenditures over income.

Depository Trust Company (DTC)
The world's largest central securities depository. The DTC settles trades in municipal, mortgage-backed, and corporate securities.

Depreciation
A decrease in the value of an asset.

Dilution
When company shares increase in quantity, causing the value of each share to decrease.

Director
Person elected by shareholders to serve on the board of directors.

Discount
How much a security sells below its par value.

Disability insurance
An insurance product that only pays benefits if the policyholder, as a result of illness or injury, can no longer work.

Discount rate
The interest rate that the Federal Reserve charges banks and broker/dealers to borrow money.

Discretionary account
An account empowering a broker or adviser to buy and sell without the client's prior knowledge and consent.

Diversification
A risk-reducing investment strategy that combines different securities and assets (stocks, bonds, cash, etc.) unlikely to move, price-wise, in the same direction at the same time.

Dividend
Distributions to stockholder of cash or stock declared by the company's board of directors.

Dollar-cost-averaging
A strategy of buying securities at regular intervals with a fixed dollar amount per interval.

Dow Jones industrial average
The best-known U.S. index of stocks containing 30 companies that trade on the NYSE.

Downgrade
A negative change in buy/sell/hold ratings for a security.

Down tick
A transaction executed at a price lower than the preceding transaction in that security or a new quote registered at a lower price than the preceding quote in that security.

 

 

Securities offered through First Allied Securities, Inc.   A register broker/dealer.  Member FINRA/SIPC.
Schannep Investment Advisors is a registered investment adviser in the state of Arizona.  First Allied Securities, Inc. does not endorse or support this web site, nor are they affiliated with Schannep Investment Advisors, Inc.