MoneyU Glossary of Terms


MoneyU Glossary of Terms


Browse the glossary using this index

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D

Decision making

The process of considering alternatives and analyzing information to make a choice.

Decision making process

There are several models of the decision making process. Generally it is a process used to determine and/or set goals and can be defined as a series of actions that includes: 1) Stating or identifying the problem; 2) Identifying a variety of solutions; 3) Comparing the advantages and disadvantages of possible solutions; 4) Making a decision; 5) Implementing the decision; and 6) Evaluating the decision based on the desired outcome.

Deductible

The dollar amount or percentage of a loss that is not insured, as specified in an insurance policy.

Default

Failure to pay a debt as outlined in the cardholder agreement, bankruptcy, or an inability or unwillingness to pay your debt. If you default on your credit card account, the issuer cancels your account and demands full payment of the outstanding balance

Deferred Payment

Payments put off to a future date or extended over a period of time. Interest will usually still accumulate during deferment.

Defined-benefit plan

The employer guarantees that the employee will receive a definite amount of benefit upon retirement, regardless of the performance of the underlying investment pool.

Defined-contribution plan

The employer makes predefined contributions for the employee, but the final amount of benefit received by the employee depends on the investment's performance.

Deflation

A downward trend in prices; the opposite of inflation.

Delinquency

When loan payments are not paid according to the terms of the agreement/promissory note. Late fees are often assessed on delinquent accounts, and delinquency results in default.

Delinquency Assessment/Late Fee

A fee that is charged for a late payment.

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