Tooltip Categories: Economics & Finance

draft

A written order by the first party, called the drawer, instructing a second party, called the drawee (such as a bank), to pay money to

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draft acceptance

Acceptance means the drawee’s signed agreement to pay a draft as presented. It must be written on the draft and may consist of the drawee’s

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draw

Something taken or chosen at random, as a ticket in a raffle or lottery. (source: http://www.wordreference.com/definition/draw)

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door to door selling

A sales technique in which a salesperson walks from the door of one house to the door of another trying to sell a product or

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double bottom line [DBL]

Report of the enterprise where the first bottom line represents the measure of the financial performance – financial profit or loss – and the second

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double-entry bookkeeping

An accounting technique which records each transaction as both a credit and a debit. Credit entries represent the sources of financing, and the debit entries

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doubtful

Uncertain in outcome: a doubtful loan is a loan in which full repayment is considered uncertain.

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