What Is a Dormancy Fee? A dormancy fee was a penalty charged by a credit card issuer to a cardholder’s account for not using the card for a certain period of time. Dormancy fees, also called inactivity fees, are no longer allowed in the United States under the Credit CARD Act of 2009. However, credit card issuers are
What Is a Dormant Account? A dormant account is an account that has had no financial activity for a long period of time, except for the posting of interest. Financial institutions are required by state laws to transfer resources held in dormant accounts to the state’s treasury after the accounts have been dormant for a
What Is Dividend Signaling? Dividend signaling is a theory that suggests that a company’s announcement of an increase in dividend payouts is an indication of positive future prospects. The theory is tied to concepts in game theory: Managers with positive investment potential are more likely to signal, while those without such prospects refrain. Although the concept of dividend
What Is the Dividend Tax Credit? The dividend tax credit is the amount that a Canadian resident applies against his or her tax liability on the grossed-up portion of dividends received from Canadian corporations. The gross-up and the dividend tax credit are applicable to individuals, not corporations. Key Takeaways Canadian residents apply for dividend tax
What Is the Dividend Yield? The dividend yield, expressed as a percentage, is a financial ratio (dividend/price) that shows how much a company pays out in dividends each year relative to its stock price. The reciprocal of the dividend yield is the total dividends paid/net income which is the dividend payout ratio. Key Takeaways The
What Is the Division of Corporation Finance? The Division of Corporation Finance is a branch of the U.S. Securities and Exchange Commission (SEC) that has oversight of disclosure practices of registered firms that offer securities to the public. The division is responsible for ensuring that publicly-traded firms provide the required level of disclosure of material
What Is the Division of Investment Management? The Division of Investment Management is a branch of the U.S. Securities and Exchange Commission (SEC) overseeing investment funds, professional fund managers, securities research analysts, and investment advisers. The overarching goal of the Division of Investment Management is to protect retail investors from fraud and abuse within the
What is the Division of Reserve Bank Operations and Payment Systems – RBOPS? The Division of Reserve Bank Operations and Payment Systems (RBOPS) is an entity under the Federal Reserve System that manages policies and operations of the Federal Reserve Banks pertaining to payment services within the United States. The RBOPS division oversees operations when
What Is the Dow Jones Commodity Index (DJCI)? The Dow Jones Commodity Index (DJCI) is a weighted index that tracks a wide range of 28 different commodity futures contracts, including metals, agricultural products, and energy commodities such as oil and gas. Key Takeaways The Dow Jones Commodity Index (DJCI) is a broad measure of the
What Is the Djiboutian Franc (DJF)? The DJF is the ISO currency code for the Djiboutian franc, which is the official currency of the African country of Djibouti. The Djibouti franc is pegged to the U.S. dollar (USD) at a rate of $1 to 177.721 DJF. Key Takeaways The Djiboutian franc (DJF) is the official
