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| Dealer | a person who buys securities for his or her account and retains them until sold to another. |
| Default | failure to meet financial obligations |
| Delivery | Failure to perform on a futures or short options contract as required by exchange rules. |
| Delivery Month | The specified month within which a futures contract matures and can be settled by delivery. |
| Delta | The amount of change of an option's price or theoretical value for a unit change in the price of the underlying security, commodity, currency, index or futures contract. |
| Depreciation | a decrease in price or value |
| Derivative | a financial instrument whose value is based on another security |
| Discount | (1) The amount a price would be reduced to purchase a commodity of lesser grade; (2) price differences between futures of different delivery months; (3) cash prices below the futures price. |