Glossary of Financial Terms

D

Debenture

Any type of debt that is extended based on the integrity of the borrower and not secured by collateral.

Debit

Any type of withdrawal from an account.

· See Also · Credit

Debit Card

A card with a unique magnetic stripe issued by a financial institution allowing the customer to conduct various banking transactions at ATM's, bank service counters and retailers that allow debit transactions.

· See Also · Bank Card

Debt

Money owed by an individual or business to another individual or business.

Default

The state assigned to an account holder who has failed to meet obligations or conditions of that account.

· See Also · Bankruptcy

Deflation

A term referring to a downward trend in the business and / or economic climate.

· See Also · Inflation

Deposit Insurance

Insurance on the positive balance of an account secured by the Canadian Deposit Insurance Corporation.

· See Also · Canadian Deposit Insurance Corporation

Depreciation

The amount by which an asset has decreased in value.

· See Also · Appreciation

Direct Debit

A recurring, (usually monthly) payment for a specific amount drawn from an account.

Direct Deposit

A deposit to the credit of an accountholder that is transferred directly from another account.

Dividends

The portion of a company's profit that is paid out to its shareholders in direct relation to the number of shares owned.

Domestic Bank

A bank whose ownership is native to the country it is located in.

For more "definitions" choose a letter ...