Date of Entry

Exchanging contracts.

Debit Card

Debit cards look like credit cards or ATM (Automated teller machine) cards, but operate like electronic cash or a personal cheque. When a purchase is made with a debit card, the amount is automatically deducted from the associated account. No credit is extended to the cardholder and hence no debt or interest charge is incurred.

Declining Grant

A grant that will gradually decrease unless an organisation will increase its fundraising from other sources.

Deferred Annuity

A premium is paid in return for annuity payments which will be arranged to commence in the future.

Deflation

Deflation is the opposite of inflation. (Money today will be worth more tomorrow).

Dependant

Someone who depends on another for financial support and security, usually a family member such as a child or a spouse.

Deposit

To give as partial payment or security such as down payment for property purchase. Or to give over or entrust for safekeeping in a bank. A buyer made give a deposit to a broker, for loan or mortgage purposes.

Deposit Account

A bank or building society account which pays a variable rate of interest.

Deposit Premium

A premium deposit paid for an insurance policy.

Direct Debit

A method of payment in which the payer authorizes the payee to take funds from the payer’s bank account, as for paying monthly bills; an instruction to a bank for this transaction.

Discount Rate

The interest rate charged by a central bank on loans to its member banks. A change in the discount rate is usually followed by similar changes in the interest rates charged by banks and money markets.

Discretionary Funds

They are grant funds whose distribution is not automatic. Decisions on the distribution of discretionary funds are made on the basis of a donor or trustee’s choice or judgment.

Distribution

An investment company payment to its shareholders of capital gains realised from the sale of securities. Investment company shareholders, not the investment company, pay taxes on a distribution.

Donee

Individual or an organisation that receives a grant. The recipient of funds or other benefits.

Donor

Individual or organisation that makes a grant. Also called a grantor.

Double Indemnity

A provision in a life insurance or accidental policy whereby the company agrees to pay twice the face of the contract in case of accidental death.