Draft

Draft

Draft

An unconventional order in writing – signed by a person, usually the exporter, and addressed to the importer – ordering the importer or the importer’s agent to pay, on demand (sight draft) or at a fixed future date (time draft), the amount specified on its face.

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Down-and-out option

Down-and-out option

Down-and-out option

Barrier option that expires if asset price hits a barrier.

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Dow Jones industrial average

Dow Jones industrial average

Dow Jones industrial average

This is the best known U.S.index of stocks. It contains 30 stocks that trade on the New York Stock Exchange. The Dow, as it is called, is a barometer of how shares of the largest U.S.companies are performing. There are thousands of investment indexes around the world for stocks, bonds, currencies and commodities.

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Double-dip lease

Double-dip lease

Double-dip lease

A cross-border lease in which the disparate rules of the lessor’s and lessee’s countries let both parties be treated as the owner of the leased equipment for tax purposes.

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