Death Benefit
What is 'Death Benefit' Death benefit is the amount on a life insurance policy, annuity or pension that is payable to the beneficiary when the insured or annuitant passes away. A death benefit may be a percentage of the annuitant's pension. For example, a beneficiary might be entitled to 65% of the annuitant's monthly pension at the...
Day Loan
What is 'Day Loan' A temporary transfer of funds from a bank to an individual broker or a brokerage firm that is made early in the day for the purchase of securities that same day. The securities serve as collateral for the day loan, which must be repaid by the end of the day. ...
Deal Ticket
What is 'Deal Ticket' A ticket that records all the terms, conditions and basic information of a trade agreement. A deal ticket is created after the transaction of shares, futures contracts or other derivatives. Also referred to as a "trading ticket". Explaining 'Deal Ticket' A deal ticket is similar to a trading...
De Minimis Tax Rule
What is the 'De Minimis Tax Rule' The De Minimis tax rule is a rule that states that capital gains tax must be paid on a bond if the bond was purchased at a discount to the face value in excess of a quarter point per year between the time of acquisition and maturity. The reason for...
David W. Dorman
DefinitionDavid W. Dorman is an American Telecommunications executive and founding partner of Centerview Capital Technology Partners. Dorman is currently Non-Executive Chairman of the Board of CVS Health Corporation and serves on the boards of PayPal Holdings, Inc., Yum! Brands, Inc. and the Georgia Tech Foundation. Dorman was a board member of Motorola, Inc. since 2006, was elected Non-Executive Chairman...
Darvas Box Theory
What is 'Darvas Box Theory' Darvas box theory is a trading strategy that was developed in 1956 by former ballroom dancer Nicolas Darvas. Darvas' trading technique involves buying into stocks that are trading at new highs. A Darvas box is created when the price of a stock rises above the previous high but falls back to a...
Dividend Yields
What is a dividend yield A dividend yield is a measurement of how much a company pays out in dividends each year relative to its stock price. For example, if a company has a dividend yield of 5%, that means it is paying out $0.05 in dividends for each $1.00 of stock price. Dividend yields can be useful for investors...
Key Rate Duration
What is 'Key Rate Duration' The duration of an asset or portfolio at a certain maturity point throughout the whole yield curve is measured by the key rate duration. When all other maturities are held constant, the key rate duration may be used to determine how sensitive a bond's price is to a one percent change in yield for a...
Abend
What is 'Abend' An unexpected end to a computer program that results in the system crashing or closing down. Derived from the abbreviated version of the term "abnormal end", abend crashes in a business setting can cost companies a significant amount of money. This is why many information technology (IT) departments spend a lot of resources to...
Warrant
What is a 'Warrant' A warrant is a derivative that confers the right, but not the obligation, to buy or sell a security – normally an equity – at a certain price before expiration. The price at which the underlying security can be bought or sold is referred to as the exercise price or strike price. An American warrant can be exercised at...