Amounts owed subject to constant change, such as accounts payable, loans payable, bills payable, interest and dividends accrued towards the next payments, pay rolls, etc. Floating indebtedness of all kinds comes under this heading, particularly debts due within twelve months.
Present prevailing prices.
Curtailing a Note. If a note falls due and the borrower wishes to extend it for a lesser amount by making a partial payment upon the same, or gives a new note for the reduced sum after making such a payment, the process is called " curtailing." Making partial payments upon a " demand note " from time to time would be to the same effect.
D d. Penny (pence.)
The Daly-west Mining Co. (gold). In 1902 it absorbed the Quincy Mining Co.
Dating (Dating a Bill). A commercial term. A purchaser of goods persuades the seller to date the bill a certain length of time ahead of the actual shipment, say thirty days, and then, if he is accustomed to a certain other definite length of time to pay in, the time does not begin until the expiration of the thirty days. By this plan an extra credit time is obtained.
Valueless or non-income-producing property
A man who has lost all financial means; a non-income-bearing, valueless, or defaulted security.
A transaction made without general public knowledge; a scheme for profit; a secret financial arrangement for the advantage of those engaged in it, as a " railway deal." "There is a deal on in Grand Pacific." By this is meant that those controlling the affairs of that company are making secret arrangements, or plans, the result of which will probably cause its stock to advance in price, or return other profits to those engineering the " deal." A " deal " is sometimes the taking advantage of forthcoming events at the expense of the stockholders.