Secured Loan
Dollar price of a bond
Percentage of face value at which a bond is quoted.
Dollar return
The return realized on a portfolio for any evaluation period, including (1) the
change in market value of the portfolio and (2) any distributions made from the
portfolio during that period.
Dollar roll
Similar to the reverse repurchase agreement - a simultaneous agreement to sell
a security held in a portfolio with purchase of a similar security at a future date at
an agreed-upon price.
Dollar safety margin
The dollar equivalent of the safety cushion for a portfolio in a contingent
immunization strategy.
Dollar-weighted rate of return
Also called the internal rate of return, the interest rate that will make the present
value of the cash flows from all the subperiods in the evaluation period plus the
terminal market value of the portfolio equal to the initial market value of the
portfolio.
Domestic International Sales Corporation (DISC)
A U.S. corporation that receives a tax incentive for export activities.
Domestic market
Part of a nations internal market representing the mechanisms for issuing and
trading securities of entities domiciled within that nation. Compare external
market and foreign market.
Do Not Reduce Order (DNR Order)
Used in the context of general equities. Limit order to buy, order to sell, or a stop
limit order to sell which is not to be reduced by the amount of an ordinary cash
dividend on the ex-dividend date. A Do not reduce order applies only to ordinary
cash dividends, and not stock dividends or rights.
