Glossary

D

• Date of issue The date on which a bond, insurance policy or stock offering is issued.
• Dated Security It is a type of long term debt instrument redeemable on a fixed date.  
• Day Order A day order is an order, which is valid for the same session on which it is entered. If the order is not matched during the session, the order gets cancelled automatically at the end of the trading session
• Debenture A long term, unsecured debt instrument.
• Debt fund A fund invests its corpus in debt securities like Government securities, treasury Bills, corporate Bonds etc. yielding steady returns. These funds carry low returns, as the risk involved is low. These funds are generally preferred by investors with low risk appetite and who need regular returns from their investment.  
• Default Risk There is always a risk that the issuer of a fixed income security may not be able to make timely payment of interest and repayment of principal. It is also referred to as credit risk
• Deferred share A share of stock that receives no rights to a company's remaining assets in the event of bankruptcy until all common and preferred shareholders have been paid.
• Delisting A share is said to be delisted when a share is removed from any exchange mainly due to non-fulfillment of exchange norms.
• Delivery The tender and receipt of the actual commodity or in the case of agricultural commodities, warehouse receipts covering such commodity, in settlement of a futures contract. Some contracts settle in cash (cash delivery), in which case open positions are marked to market on the last day of the contract based on the cash market close.
• Delivery date The day in the month that commodities on a futures contract have to be delivered.