Dollar Bond

Read "Dollar Stock," substituting "bond" for "stock."

Dollar Credits

(See "Circular Letter of Credit.") "Credits " for use in countries where the dollar is the monetary unit.

Dollar Exchange

" Exchange " drawn payable in dollars.

Dollar Stock

The English' term for a stock of a face value of so many dollars, - American stocks, - distinguished from stocks representing "pounds sterling," etc.

Domestic Exchange

(See "Exchange.") Quotations of "domestic exchange " are almost always in cents per $1,000. "New York exchange at Chicago 40 c. premium " indicates that $1,000 in New York exchange will cost $1,000.40 at Chicago. Sometimes quotations are in cents per $100, as in case of exchange between New York and San Francisco.

1 Thomas Jefferson is responsible for the selection of the " dollar " as our unit; in fact, for our present system of coinage which succeeded the English pounds, shillings, etc. - See Life of Thomas Jefferson by John T. Morse, Jr.

Domestic Traveler's Letters of Credit. See "Letter of Credit."


- Any instrument, such as a note or draft, which calls for payment at some distant point from that in which it is drawn, is said to be "domiciliated " in its place of payment.


The twenty dollar gold coin of the United States, containing 464.40 grains of fine gold, and 51.60 grains of alloy.

Double Entry Bookkeeping

By "double entry " the ledger accounts show at least two entries, one to the debit side of some account and the other to the credit of some other account. In other words, the accounts are of two kinds, personal accounts with the parties with whom transactions are had, and book accounts, in which the commodities or securities dealt in are made the subjects of separate accounts, and these have a credit and debit side, as in the case of the personal accounts.

A greater number of books is required by this system than by " single entry bookkeeping " (to which subject refer), but they may vary, according to the custom of the individual bookkeeper. Such books are used as Stock Book, Cash Book, Bill Book, Sales Book, Invoice Book, Journal and Ledger.

Double Option

By this is meant a "straddle," a "put of more," or a "call of more," to which subjects refer.

Double Standard

This is " bimetallism " (to which refer) with the free coinage part omitted.

Double Up

An example would be: First, the owner of a stock sees the price decline and thinks it will go still lower; he sells out; takes his loss; and goes " short " (see " Selling Short ") for a like number of shares with the hope of getting even again. Second, a loss is incurred; the loser speculates again; this time for twice the number of shares, with the hope of getting back his loss and a profit besides.

d/p. Stands for " Documents for Payment," to which subject refer.