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					Word(s) :   Daily interest - interest rates are calculated on a daily basis, rather than monthly. Date of entry - (term used in Scotland), see exchange of contracts. Death Benefit - A life insurance payment made upon the death of an insured person. Death-in-service benefits - Usually a lump sum paid to an employee's beneficiaries if the employee dies while still employed by the company. Usually linked to company pension schemes. Debt consolidation loan - loan taken out to consolidate applicant's current debt. Decreasing Term Insurance - Life insurance that pays out a lump sum if you die within the term of the plan , but where the insurance sum assured reduces during the term. Deeds fee - An administration charge made by lenders when you repay your mortgage to release the deeds of the property. Also known as a sealing fee. Deferred Period - See "Excess Period". Decreasing term assurance/insurance - life assurance where the amount of cover reduces over time to reflect a decreasing mortgage balance. Deposit - the amount of money you pay towards the purchase of a property at the start of the mortgage. Dental Plan - A policy that helps you spread the cost of dental care over the year. Dependant - An individual, a spouse or child or someone who depends on another for financial support to get by day to day. Dependent's pension - A pension scheme option which, if the pensioner dies, still provides a a continuing pension to their spouse or partner (termed as someone who was financially dependent on the Pensioner at the time of the Pensioner's retirement or death). Deposit account - An account with a bank or building society, which pays a variable rate of interest. You may get a higher rate of interest if you choose an account which doesn't give you instant access to your money. Depreciation - the decreasing value of an asset, for example a house or car, over a period of time. Derivatives - A collective name for complex financial products used in the stock markets, such as futures, options and warrants. Direct debit - A procedure that enables an organisation to take money it is due directly from the bank account of a person; for example, an insurance company taking monthly payments to insure your house. Disability - Physical or mental condition that prevents a person from undertaking 'normal' duties of a job or the ordinary activities of life. Disbursements - solicitor's expenses. Disclosure - The duty of any person applying for an insurance policy to tell the insurer all relevant information affecting the policy that they are applying for. Discount broker - A person who sells unit trusts and rebates some of the initial charge back to the investor. Discount rate (mortgage) - a reduced mortgage interest rate that lasts for a fixed period of time. Dividend - money paid out to shareholders relative to the company's profits over a period of time, usually on an annual or six monthly basis