Super Finance Glossary

Finance

Over 10,000 financial glossary terms...

Browse by Letter: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Or Enter Search Term: By Author:
 Search Tips
If you want to refine these results, please use the search box.
Hint: Not sure how the word is listed? Just enter the first few letters.

Browsing by the letter "D"

Displaying next 160 results of 529
Delivered Duty Unpaid (DDU)
Definition: Seller fulfills the contract obligations when the goods have arrived at a named place in the importing country. The seller bears all the costs and risk except for import duties and other customs clearance costs.
Delivered Ex Quay (DEQ)
Definition: Seller fulfills the contract obligations to deliver when the goods are made available to the buyer at the wharf of the destination port. A DEQ can further specify "Duty Paid" or "Duty Unpaid." If "Duty Paid" is specified, the seller is responsible for all risks and costs, including duty, to the wharf of the destination port. If "Duty Unpaid" is specified, the buyer is to clear the goods and pay duty. Since unloading costs are included in the ocean freight charged by most ship lines. This is most often used for charter shipments.
Delivered Ex Ship (DES)
Definition: Seller fulfills the contract obligations when the goods have been made available to the buyer on board a ship at the named port of destination. The seller must bear all costs and risks associated in bringing the goods to the named port of destination. The buyer is responsible for all costs necessary to unload the goods and clear them through customs. Unloading costs are included the ocean freight charged by most ship lines. The DES is most often used for charter shipments.
Delivery
Definition: The tender and receipt of an actual commodity or financial instrument in settlement of a futures contract.
Delivery Date
Definition: Date by which a seller must fulfill the obligations of a forward or futures contract.
Delivery Instrument
Definition: A document used to effect delivery on a futures contract, such as a warehouse receipt or shipping certificate.
Delivery Month
Definition: The specified month within which a futures contract matures and can be settled by delivery or the specified month in which the delivery period begins.
Delivery Notice
Definition: The written notice given by the seller of its intention to make delivery against an open, short futures position on a particular date. Related: Notice day.
Delivery Option
Definition: A provision of a futures contract that provides the short with flexibility in regard to timing, location, quantity, or quality in the delivery process.
Delivery Options
Definition: The options available to the seller of an interest rate futures contract, including the quality option, the timing option, and the wild card option. Delivery options mean that the buyer is uncertain of which Treasury bond will be delivered or when it will be delivered.
Delivery Point
Definition: A location designated by a commodity exchange where stocks of a commodity represented by a futures contract may be delivered in fulfillment of the contract. Also called Location.
Delivery Points
Definition: Locations designated by futures exchanges at which the financial instrument or commodity covered by a futures contract may be delivered in fulfillment of such a contract.
Delivery Price
Definition: The price fixed by the clearinghouse at which deliveries on futures are invoiced;also the price at which the futures contract is settled when deliveries are made.
Delivery Versus Payment
Definition: A in which the buyer's payment for securities is due at transaction the time of delivery (usually to a bank acting as agent for the buyer) upon receipt of the securities. The payment may be made by bank wire, check, or direct credit to an account.
Delivery, Current
Definition: Deliveries being made during a present month. Sometimes current delivery is used as a synonym for nearby delivery.
Delivery, Nearby
Definition: The nearest traded month, the front month. In plural form, one of the nearer trading months.
Delphi Technique
Definition: Collection of independent opinions without group discussion by the analysts providing the opinions;used for various sorts of evaluations (such as country risk assessment).
Delta
Definition: The ratio of the change in price of an option to the change in price of the underlying asset. Also called the hedge ratio. Applies to derivative products. For a call option on a stock, a delta of 0.50 means that for every $1.00 that the stock goes up, the option price rises by $0.50. As options near expiration, in-the-money call option contracts approach a delta of 1.0, while in-the-money put options approach a delta of -1. See: hedge ratio, neutral hedge. Call deltas range from 0.00 to +1.00;put deltas range from 0.00 to -1.00. If the call delta is 0.69, the put delta is -0.31 (call delta minus 1 equals put delta;0.69 -1 =-0.31).
Delta Cross-hedge
Definition: A futures hedge that has both maturity and currency mismatches with an underlying exposure.
Delta Hedge
Definition: A dynamic hedging strategy using options that calls for constant adjustment of the number of options used, as a function of the delta of the option.
Previous
Next