What Is a Deposition? In law, a deposition is an integral part of the discovery process. It is testimony made under oath and taken down in writing by an authorized officer of the court, typically in an out-of-court setting and before trial. Key Takeaways A deposition is testimony made under oath and taken down in
What Is the Depository Institutions Deregulation Committee (DIDC)? The Depository Institutions Deregulation Committee (DIDC) was a six-member committee established by the Depository Institutions and Monetary Control Act of 1980. One goal of the act was phase out interest rate ceilings on deposit accounts, otherwise known as Regulation Q. Key Takeaways: The Depository Institutions Deregulation Committee
What Is a Depository Transfer Check? A depository transfer check (DTC) is used by a designated collection bank to deposit the daily receipts of a corporation from multiple locations. Depository transfer checks are a way to ensure better cash management for companies, which collect cash at multiple locations. Data is transferred by a third-party information service
What Is a Deposit Slip? A deposit slip is a small paper form that a bank customer includes when depositing funds into a bank account. A deposit slip, by definition, contains the date, the name of the depositor, the depositor’s account number, and the amounts being deposited. Key Takeaways A deposit slip is a small
What Is Depreciable Property? Depreciable property is any asset that is eligible for tax and accounting purposes to book depreciation in accordance with the Internal Revenue Service’s (IRS) rules. Depreciable property can include vehicles, real estate (except land), computers, office equipment, machinery, and heavy equipment. Depreciable property items are considered long-term assets. Key Takeaways Depreciable
What Is a Delivery Instrument? A delivery instrument is a contractual document that is traded as part of a commodity futures contract. It entitles the holder to physical delivery of a specified quantity of the commodity in question, such as soybeans in the case of soybean futures contracts. Delivery instruments are an important part of
What Is a Delivery Month? The term delivery month refers to a key characteristic of a futures contract that designates when the contract expires, and when the underlying asset must be delivered or settled. The exchange on which the futures contract is traded also establishes a delivery location and the date within the delivery month
What Is a Delivery Notice? In the commodities futures markets, delivery notices are a document provided by the seller of a futures contract. The document serves as confirmation that the seller intends to honor their contract by physically delivering the underlying commodity to the futures holder. By contrast, when a futures contract is cash settled
What Is a Delivery Option? A delivery option is a feature added to some interest rate futures contracts. The delivery option permits the option seller to determine the timing, location, quantity, quality, and the wildcard features of the underlying commodity, which is set to be delivered. Delivery option terms are stated in the delivery notice. Understanding Delivery Option Interest
What Is a Delivery Point? The delivery point, in futures contracts or other derivatives, is the location where the physical commodity underlying the contract will be delivered. The futures contract buyers who maintain their position must be ready to accept the delivery and pay the agreed-upon price for the physical commodity. However, the delivery point applies only
