Business Glossary - D


Data Element - The basic unit of identifiable and definable information. A data element occupies the space provided by fields in a record or blocks on a form. It has an identifying name and value or values for expressing a specific fact. For example, a data element name

Debenture - Debt instrument evidencing the holder’s right to receive interest and principal installments from the named obligor. Applies to all forms of unsecured, long-term debt evidenced by a certificate of debt.

Debt Capital - Business financing that normally requires periodic interest payments and repayment of the principal within a specified time.

Debt Financing - The provision of long term loans to small business concerns in exchange for debt securities or a note.

Deduction - An item or expenditure subtracted from adjusted gross income to reduce the amount of income subject to tax.

Deed Of Trust - A document under seal which, when delivered, transfers a present interest in property. May be held as collateral.

Defaults - The nonpayment of principal and/or interest on the due date as provided by the terms and conditions of the note.

Defense Acquisition Regulatory Council (Darc) - A group composed of representatives from each Military department, the Defense Logistics Agency, and the National Aeronautics and Space Administration and that is in charge of the Federal Acquisition Regulation (FAR) on a joint basis with the Civilian Age

Defense Contractor - Any person who enters into a contract with the United States for the production of material or for the performance of services for the national defense.

Deferred Loan - Loans whose principal and or interest installments are postponed for a specified period of time.

Depreciation - If property acquired to use in a business has a useful life longer than one tax year, part of it must be deducted in each year, for example, office equipment, buildings, machinery, and equipment.

Disbursement - The actual payout to borrower of loan funds, in whole or part. It may be concurrent with the closing, or follow it.

Disbursing Officer - An employee authorized to pay out cash or issue checks in settlement of vouchers approved by a certifying officer.

Divestiture - Change of ownership and/or control of a business from a majority (non-disadvantaged) to disadvantaged persons.

Dividend - A distribution of the earnings of a corporation. Dividends may be in the form of cash, stock or property. All dividends must be declared by the board of directors. Syn. stock dividend. See also dividend yield.

Due Diligence - The careful investigation by the underwriters that is necessary to ensure that all material information pertinent to an issue has been disclosed to prospective investors.