What Is Dishonor? Dishonor, in the business world, is the action of refusing to fulfill contractual obligations or pay a charge. Dishonoring a transaction can occur if a seller does not deliver promised goods or when a buyer does not provide payment for goods received. In contracts, a party may dishonor the agreement by altering
What Is Disinvestment? Disinvestment is the action of an organization or government selling or liquidating an asset or subsidiary. Absent the sale of an asset, disinvestment also refers to capital expenditure (CapEx) reductions, which can facilitate the re-allocation of resources to more productive areas within an organization or government-funded project. Whether disinvestment results in the
What Is Dispersion? The field of statistics is used across every sector and industry to help people better understand, and predict, potential outcomes. In finance, investors often turn to statistics to gain a sense of how returns on certain assets, or groups of assets, could be distributed. This range of possible investment returns is called
What Is Display Book? Display Book was a proprietary tracking tool for the New York Stock Exchange (NYSE) which was used to display, record and execute market orders. Trade and order data included the order type, price, time and quantity for a specific security. Specialists on an NYSE-affiliated exchange utilized the system for each security they traded. NYSE replaced Display
What Is Disposable Income? Disposable income, also known as disposable personal income (DPI), is the amount of money that an individual or household has to spend or save after income taxes have been deducted. At the macro level, disposable personal income is closely monitored as one of the key economic indicators used to gauge the
What Is a Disposition? A disposition is the act of selling or otherwise “disposing” of an asset or security. The most common form of a disposition would be selling a stock investment on the open market, such as a stock exchange. Other types of dispositions include donations to charities or trusts, the sale of real
What Is Disqualifying Income? Disqualifying income can prevent an otherwise eligible low- or moderate-income taxpayer from receiving the earned income tax credit (EITC) when filing their annual income taxes. If your income level allows you to claim the EITC on a federal income tax return, you may also be eligible to take a similar credit
What Is the Dirks Test? The Dirks test (also referred to as the personal benefits test) is a standard used by the Securities and Exchange Commission (SEC) to determine whether someone who receives and acts on insider information (a tippee) is guilty of insider trading. The Dirks test looks for two criteria: 1) whether the
What Is a Dirty Float? A dirty float is a floating exchange rate where a country’s central bank occasionally intervenes to change the direction or the pace of change of a country’s currency value. In most instances, the central bank in a dirty float system acts as a buffer against an external economic shock before its effects
What Is Dirty Price? A dirty price is a bond pricing quote, which refers to the cost of a bond that includes accrued interest based on the coupon rate. Bond price quotes between coupon payment dates reflect the accrued interest up to the day of the quote. In short, a dirty bond price includes accrued
