Dr

"Debit." or "Debtor."

Drachma

The monetary unit of Greece, being equal to the French " franc," or $0.193 United States money.

Draft

An order in writing from one person to another to pay to the order of a third person a stated sum of money. The difference between a draft and a check, generally speaking, is that the former is an order given by one person instructing another to pay money to a third; or, in any event, it is an order upon a person for money and not, usually, upon a bank, as in the case of a check, the latter being an order against one's own funds; a draft an order against another party for money due.

Drainage Bonds

In some Western States the laws provide for the issuing, generally by districts territorially formed for the purpose, of bonds to raise money for the proper drainage of such districts, which bonds are payable from taxes levied on all the taxable property in the district. This is a form of municipal bond, and they are usually known as " drainage district bonds." A town, city, or county may issue bonds for drainage purposes, however.

Drawee

The one against whom a "draft" (or "bill of exchange ") is made; the one named in it as the party expected to meet its payment.

Drawer

The maker of a draft, bill of exchange, or other similar paper; the one signing a paper calling for payment on the part of another; the one who " draws " or requests in writing the payment of money.

Drawn Bond

Drawn by lot for payment. (See "Called Bonds.")

Drive

A sudden and determined effort to force prices down. Drop. A sudden fall in prices.

Dual Monetary Unit (Or Standard)

See "Double Standard."

Ducats

Slang for " money."

"Ducat" was the name of a gold coin used at one time in various European countries. Perhaps we are more familiar with it as part of the old Spanish currency, as we frequently meet the expression "ducats of gold ' in reading of the Spanish explorers. Prescott, in his " Conquest of Mexico," states that the gold "ducat " at the close of the fifteenth century was equivalent to $8.75 in our money, but other writers state that the "ducat " as commonly in use in the different European countries varied but little, being worth from $2.27 to $2.32. The Century Dictionary and Encyclopedia says that the "ducat" was also an Austrian weight for gold, the unit supposed to have been derived from the Jews. Various authorities determined it to be 3.490896 grams.

Dull

The market is " dull " when very little business is being transacted.

Dummy

This word is used in connection with director, stockholder, etc., as " dummy director," and indicates one who really acts for another, but by so doing relieves the other of liability; or who is merely placed in office to fill the number required by law. A "dummy" usually has little financial means, or has little or no interest in the corporation which he is serving. He may be elected for a brief time, to be later succeeded by one personally interested.