What Is a Detective Control? Detective control is an accounting term that refers to a type of internal control intended to find problems within a company’s processes once they have occurred. Detective controls may be employed in accordance with many different goals, such as quality control, fraud prevention, and legal compliance. One example of a
What Is Demolition Insurance? Demolition insurance is insurance for property owners that is used to cover the costs of demolishing a building that is damaged by a peril, such as a fire or a storm. Zoning requirements or building codes may require that a damaged building be demolished rather than repaired. It may even be
What Is Demonetization? Demonetization is the act of stripping a currency unit of its status as legal tender. It occurs whenever there is a change in national currency. The current form or forms of money is pulled from circulation and retired, often to be replaced with new notes or coins. Sometimes, a country completely replaces
What Is Demurrage? In finance, the term “demurrage” has two main meanings. Its first meaning is in relation to currencies and commodities, where it refers to the costs of holding those assets. In this sense, it is analogous to the term carrying costs. An alternate meaning relates to the shipment of goods by sea. In
What Is Denationalization? Denationalization, which is a form of privatization, occurs when a national government sells an asset or operation such as a large government-owned firm to private investors. Key Takeaways Denationalization describes the process by which a piece of property, project, or business goes from being owned by a national government to being privately
What Is a Denomination? A denomination refers to the units classification for the stated or face value of financial instruments such as currency notes or coins, as well as for securities, bonds, and other investments. The denomination can therefore be used to quote the base currency in a forex transaction, or the quoted currency in a financial
What Is De Novo Judicial Review? De novo judicial review describes a review of a lower court ruling by a federal appellate court. De novo judicial review is used in questions of how the law was applied or interpreted. It is a nondeferential standard of review, so it doesn’t place any weight on previous court
What Is the Dependency Ratio? The dependency ratio is a measure of the number of dependents aged zero to 14 and over the age of 65, compared with the total population aged 15 to 64. This demographic indicator gives insight into the number of people of non-working age, compared with the number of those of
What Is a Dependent? A dependent is a person who relies on someone else for financial support and can include children or other relatives. Having a dependent entitles a taxpayer to claim a dependency exemption on their tax return as long as the dependent meets the qualifying definition according to the Internal Revenue Service (IRS). A taxpayer
What is Depletion? Depletion is an accrual accounting technique used to allocate the cost of extracting natural resources such as timber, minerals, and oil from the earth. Like depreciation and amortization, depletion is a non-cash expense that lowers the cost value of an asset incrementally through scheduled charges to income. Where depletion differs is that it refers
