A European monetary system adopted in 1972, in which the exchange rate between the participants was restricted by a fluctuation limit of 21/4%. The participants were the Belgian franc, Danish krone, French franc, Irish punt, Dutch guilder, German Deutschmark, and Italian lira, the dominating currency being the Deutschmark. It was originally called a snake-in-the-barrel or -tunnel to indicate that the rates of exchange could 'snake' about within the limits imposed by the barrel (tunnel). Sterling did not participate in this arrangement, which was replaced in 1979 by the European Monetary System.

• debt buy-back
• debt capacity
• debt capital
• debt collection agency
• debt counselling
• debt discounting
• debt-equity ratio
• debt-for-equity swap
• debt forgiveness
• debt instrument
• Debt Management and Financial Analysis System
• debt market
• debtor
• debt overhang
• debt rescheduling
• debt restructuring
• debt security
• debt service ratio
• debt swap
• decimal currency
• decision making
• decision model
• decision table
• decision trees
• declaration day