Date of maturity
Date of maturity is the date on which final payment is due for a loan or obligation.
Dating, in lending, is the practice of liberally extending credit to a borrower, beyond what would be offered in normal practice.
A day loan is a type of funding offered to brokers for the purchase of securities. Funds are advanced with the promise that the broker will deliver the purchased securities to the bank later that same day. Once the securities are received, they become collateral, and the loan is converted to a broker's loan.
Days on the market
The time between the property being listed and either the sale of the property or the property being taken off the market.
Dear money is an economic term describing a situation where money is in short supply. Individuals and borrowers are generally unable to secure loans at affordable rates during a dear money period.
Death tax is an informal term for estate or inheritance tax. Taxes are payable on the fair market value of the estate's property, net of liabilities, at the time of the decedent's death.
A debenture is an unsecured debt security, such as a Treasury bond or Treasury bill. Governments and highly-rated corporations can issue debentures to raise capital. Because there's no collateral supporting the debenture, investors must feel confident in the creditworthiness of the issuer.
Debit balance is an amount owed. In investing, for example, the debit balance reflects the amount of cash funding that a customer's margin account requires for settlement of a transaction.
A debit bureau is an organization that tracks customers' checking account activities. Information tracked includes check writing and overdraft history. Banks use debit bureau information to identify potentially risky customers, i.e., those that have had a history of mishandling their cash accounts.
A debit card is a plastic payment card that's linked to a deposit account. Debit cards are accepted for purchase transactions at participating businesses. When the card is presented and approved for payment, the transaction amount is almost immediately deducted from the account balance. Debit cards can also be used at the ATM for funds withdrawals, deposits, and transfers.
An obligation or money owed to someone
Taking all of your multiple loans and bringing them together to form one single loan. This usually creates a lower monthly payment but extends the length of the loan. Sometimes referred to as a consolidation loan, and commonly used by student loan agencies.
Debt deflation occurs when the collateral supporting a loan declines in value. This scenario greatly increases risk for the lender and borrower. Consider a mortgage loan that financed 100 percent of the purchase amount: If the home declines in value, the lender's collateral will be worth less than the amount the borrower owes. If the borrower needs to sell the property, he would have to pay cash out of his pocket to cover the difference between the selling price of the home and the amount owed on the mortgage.
A debt instrument is a document that defines or substantiates a borrower's obligation to repay an obligation or balance due.
Debt retirement is the repayment of money owed. When a debt is completely paid off, it's said to be retired.