Securities offered through First Allied Securities, Inc., A Registered Broker Dealer, Member FINRA/SIPC. An Advanced Equities Company.

Investment Advisory Services offered through Greenbook Investment Management, Inc.

• Day order
  An order to buy or sell securities that automatically expires if not executed on the day it is entered.
  
  
• Dealer
  Any person or company in the business of buying and selling securities for his or her own account, through a broker or otherwise.
  
  
• Debenture
  An unsecured debt secured by general credit (the borrower's integrity), not by collateral. The debenture agreement is called an indenture.
  
  
• Debit balance
  Debit balances are monies owed to a broker/dealer by a customer generally resulting from the customer's purchase of securities.
  
  
• Debt
  Money borrowed.
  
  
• Default
  Failure to make timely payments on a debt.
  
  
• Deficit
  An excess of liabilities over assets, losses over profits, or expenditures over income.
  
  
• Depository Trust Company (DTC)
  The world's largest central securities depository. The DTC settles trades in municipal, mortgage-backed, and corporate securities.
  
  
• Depreciation
  A decrease in the value of an asset.
  
  
• Dilution
  When company shares increase in quantity, causing the value of each share to decrease.
  
  
• Director
  Person elected by shareholders to serve on the board of directors.
  
  
• Discount
  How much a security sells below its par value.
  
  
• Disability insurance
  An insurance product that only pays benefits if the policyholder, as a result of illness or injury, can no longer work.
  
  
• Discount rate
  The interest rate that the Federal Reserve charges banks and broker/dealers to borrow money.
  
  
• Discretionary account
  An account empowering a broker or adviser to buy and sell without the client's prior knowledge and consent.
  
  
• Diversification
  A risk-reducing investment strategy that combines different securities and assets (stocks, bonds, cash, etc.) unlikely to move, price-wise, in the same direction at the same time.
  
  
• Dividend
  Distributions to stockholder of cash or stock declared by the company's board of directors.
  
  
• Dollar-cost-averaging
  A strategy of buying securities at regular intervals with a fixed dollar amount per interval.
  
  
• Dow Jones industrial average
  The best-known U.S. index of stocks containing 30 companies that trade on the NYSE.
  
  
• Downgrade
  A negative change in buy/sell/hold ratings for a security.
  
  
• Down tick
  A transaction executed at a price lower than the preceding transaction in that secutiry or a new quote registered at a lower price than the preceding quote in that security.