What Is a Debt Tender Offer? A debt tender offer is when a company retires all or a portion of its outstanding bonds or other debt securities. This is accomplished by making an offer to its debt holders to repurchase a predetermined number of bonds at a specified price and during a set period of
What Is the Debt-to-Limit Ratio? The debt-to-limit ratio is a metric used to assess the creditworthiness of a borrower. It is calculated by dividing the borrower’s total outstanding debts by the combined credit limits of their loans. For example, a borrower with $5,000 of debt and a credit limit of $10,000 would have a debt-to-limit
What Is a Deceased Account? A deceased account is a bank account, such as a savings or checking account, owned by a deceased person. When a bank receives notice that a customer has died, it will freeze the account(s) while waiting for direction from the authorized court regarding payment to heirs and creditors. Key Takeaways
What Is a Deceased Alert? A deceased alert is a notification that makes credit card companies, credit rating agencies, and other financial institutions aware that a person has died. These notices are critical for the fight against identity theft, since would-be thieves often attempt to secure new loans using deceased persons’ personal information. Key Takeaways:
What Is a Decedent? “Decedent” is a legal term used in tax and estate planning for a deceased person. When an individual dies, their possessions become part of their estate, and they are denoted as decedent or deceased. The legal will of a decedent defines the final transactions of their estate. Key Takeaways “Decedent” is a legal term used
What Are Decentralized Applications (dApps)? Decentralized applications (dApps) are digital applications or programs that exist and run on a blockchain or peer-to-peer (P2P) network of computers instead of a single computer. DApps (also called “dapps”) are thus outside the purview and control of a single authority. DApps—which are often built on the Ethereum platform—can be developed
What Are Decentralized Dark Pool Trading Platforms? Decentralized dark pool trading platforms are trading venues for anonymously trading cryptocurrencies. Exchanges such as Kraken had offered dark pools for cryptocurrency trading. Singapore-based Republic Protocol launched the first decentralized platform for dark pool trading in 2018. Key Takeaways Decentralized dark pool trading platforms are anonymized trading venues
What Is a Decile? A decile is a quantitative method of splitting up a set of ranked data into 10 equally large subsections. This type of data ranking is performed as part of many academic and statistical studies in the finance and economics fields. The data may be ranked from largest to smallest values, or
What Is Decimalization? Decimalization is a system where security prices are quoted using a decimal format rather than fractions. For example, this is a decimal trading quote: $34.25. Using fractions, the same quote would appear as $34 1/4. The U.S. Securities and Exchange Commission (SEC) ordered all stock markets within the U.S. to convert to
What Is the Declaration Date? The declaration date is the date on which the board of directors of a company announces the next dividend payment. This statement includes the dividend’s size, ex-dividend date, and payment date. The declaration date is also referred to as the “announcement date.” In addition to being the date on which
