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| Day Order | An order that is automatically cancelled if not executed during the day
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| Day Trader | A trader who takes positions that are closed during the same trading day
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| Deal Date | The date that the transaction took place
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| Deal Ticket | The primary method of recording the basic information of a transaction
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| Dealer | An individual or firm acting as a principal in the purchase or sale of currencies or securities. Dealers trade for their own account and risk
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| Declaration Date | The latest day or time by which the buyer of an option must indicate to the seller his intention to execute the option
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| Deficit | A shortfall that is usually referenced to the balance of trade
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| Deflator | A price index measuring changes in prices of all new, domestically produced, final goods and services in an economy
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| Delivery Date | The date when the exchange of the currencies is made on a currency contract, or the value date. Could also refer to the exchange of commodity on a commodities contract
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| Delivery Month | The calendar month in which a futures contract comes to maturity and becomes deliverable
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| Delivery Points | Those locations designated by futures exchanges at which the futures contract may be delivered in fulfilment of the contract
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| Delivery | The settlement of a futures contract by receipt or tender of a financial instrument, currency or commodity
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| Delta | Delta measures the sensitivity of the value of a option to changes in the price of its underlying instrument
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| Delta Hedging | A method used by option writers to hedge risk exposure of written options by purchase or sale of the underlying instrument in proportion to the delta
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| Delta Spread | A ratio spread of options established as a neutral position by using the deltas of the options concerned to determine the hedge ratio
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| Depo | Deposit
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| Depreciation | A fall in the value of a currency due to market forces
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| Derivatives | A broad term relating to instruments such as futures or options. The value of a derivative instrument moves in relation to the underlying
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| Devaluation | Deliberate downward adjustment of a currency against its fixed parities or bands, normally by formal announcement from the government
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| Diagonal Spread | The purchase of a longer maturity option and the sale of a shorter maturity, lower exercise price option. The choice of calls or puts will determine its bear or bull character
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| Discount | A term used for instruments where the forward rate is lower than the spot rate or where an option is trading for less than its intrinsic value
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| Discount Rate | The rate at which a central bank is prepared to discount certain bills for financial institutions as a means of easing their liquidity
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| Disposable Income | Earnings after tax
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| Durable Goods Orders | A measure of new orders placed with domestic manufacturers for immediate and future delivery. A major indicator of the health of the manufacturing sector in an economy
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