UK Business Jargon - Letter D
Index : A|B|C|D|E|F|G|H|I|J|K|L|M|N|O|P|Q|R|S|T|U|V|W|X|Y|Z
Debit
A payment.
Debtor
Refers to the Client's customer; by way of transferring receivables and giving the relevant notice, he is obliged to pay receivables sold in favour of the Factor.
Department for Environment, Food and Rural Affairs (Defra)
The UK government department tasked with issues such as the environment, rural development, the countryside, wildlife, animal welfare and sustainable development.
Department of Trade and Industry (DTI)
Government department that works to create the conditions for business success and help the UK respond to the challenge of globalisation.
Depreciation
Allows fixed assets - or capital equipment such as cars or computer equipment - to be written off over several years. A piece of machinery bought for £330,000 in 2000 and depreciated, or written off over three years has no value in the accounts after 2003, but has appeared as a £110,000 cost in each of the years in between. This does not reflect the actual value of the assets.
Differentials
The difference between levels of pay within and between occupations. More skills, training or responsibility often lead to higher pay.
Digital signature
The process of adding an electronic marker to the information to validate both the content and the originator of the data. Digital signatures are easily transportable, cannot be imitated by someone else, and can be automatically time-stamped.
Directors
Legal executives of a company. They take management decisions in board meetings. Directors are personally responsible for delivering accounts and the annual return on time. They also ensure that the registered office address is current and attended.
Dividends
Dividends are the share of annual profits paid to shareholders. A payment to shareholders as a return on their investment in the form of cash, stock, or property.
Domain name
A company's or individual's home on the web. Comes after the @ part of an email address or after www. Essentially, a domain name is your 'real estate' on the web.
Download
Retrieve a file from a host computer. Upload means to send the other way.
Due Diligence
The detailed investigations that an investor will make before buying a share in your business. It is used to ensure that there are no hidden details that could affect the deal.
Duty
There are two main types of duty collected by HM Revenue & Customs (HMRC): one is import duty, which is duty charged on goods imported into the European Union (EU) and the other is excise duty, which is UK tax on certain types of goods, such as alcohol or tobacco.
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