22 terms starting with D
Data protection is the legal duty of brokers and lenders to handle customers' personal information under the Privacy Act and the Australian Privacy Principles, from collection to secure destruction.
Read definitionDealers are businesses that buy and resell goods such as vehicles, equipment or machinery, and often arrange or introduce finance for the buyer at the point of sale.
Read definitionDebt adjusting is any arrangement that changes what a debtor owes or when they pay it, from an informal hardship variation through to a debt agreement or bankruptcy.
Read definitionDebt collection regulations are the laws, guidance and licensing rules that govern how creditors and collectors may behave when recovering money owed, including bans on harassment and misleading conduct.
Read definitionA debt consolidation loan is a personal loan used to pay out several existing debts, such as credit cards and payday loans, leaving one repayment.
Read definitionDebt counselling is a free, confidential service, known in Australia as financial counselling, that helps people in financial difficulty build a realistic budget and negotiate hardship arrangements with creditors.
Read definitionThe debt service coverage ratio (DSCR) is a lending measure that divides the cash flow available for repayments by the debt repayments due over the same period.
Read definitionA debtor is a person or business that owes money to someone else, whether under a loan, a credit account or an unpaid invoice.
Read definitionA deed of release is a signed legal document in which one party gives up a claim or a security interest against another, ending that obligation.
Read definitionA default is a borrower's failure to meet the terms of a credit contract, usually by missing repayments, which lets the lender demand the balance and enforce its security.
Read definitionDefault interest is an agreed or statutory rate of interest charged on a loan, invoice or judgment when a payment falls into arrears or a contract term is breached.
Read definitionA deposit is the upfront amount a buyer or borrower pays towards a purchase, either as part-payment on a sale contract or as cash contributed to asset finance.
Read definitionDepreciation is the fall in an asset's value over time, spread across the years the asset is used so the cost can be claimed as a tax deduction.
Read definitionA depreciation schedule is a report that lists an asset's cost, its effective life and the depreciation you can claim against income each year.
Read definitionDesign and distribution obligations (DDO) are rules requiring the issuer of a retail financial product to define its target market and distributors to take reasonable steps to sell within it.
Read definitionA direct debit is an authority, given through a Direct Debit Request (DDR), that lets a biller withdraw agreed payments from your nominated bank account, usually for recurring bills.
Read definitionA disbursement is money paid out to a third party or on your behalf, such as loan funds released at settlement or costs a solicitor pays for you.
Read definitionDistributors are businesses that buy goods from a manufacturer and resell them to dealers, retailers or end customers, often supporting the sale with pre-arranged finance programs and stocking finance.
Read definitionA dividend is a payment a company makes to its shareholders, usually out of profits, paid as cash or as extra shares.
Read definitionA dividend yield is the annual dividend per share divided by the current share price, shown as a percentage so income can be compared across shares.
Read definitionA drawdown is a borrower taking funds under an approved loan facility, in one payment or in stages, once the lender's conditions have been met.
Read definitionDual financing is a lending structure where two separate lenders finance the same borrower or project, typically a senior first-ranking facility alongside a subordinated or mezzanine loan.
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