D

1 Date of Payment

Date that dividend checks are mailed.

2 Date of Record

Date on which holders of record in a firm’s stock ledger are designated as the recipients of either dividends or stock rights. Dividends will not be paid to those individuals whose notification of purchase is received by the company after this date.

3 Dates Convention

Treating cash flows as being received on exact dates — date 0, date 1, and so forth — as opposed to the end-of-year convention.

4 Day Count

A convention for quoting interest rates.

5 Day Order

A buy order or a sell order expiring at the close of the trading day.

6 Day Trade

A trade that is entered into and closed out in the same day.

7 Daylight Overdrafts

Bank payments from deposits held at a Federal Reserve Bank or correspondent bank in excess of actual collected balances during a day.

8 Days in Receivables

Average collection period. It measures the average amount of time required to collect an account receivable. Suppose in one company, 80 percent...