The creation of more new shares in a company than is justified by its tangible assets, even though the company may be making considerable profits. The consequences of this could be that the dividend may not be maintained at the old rate on the new capital and that if the company were to be liquidated its shareholders may not be paid out in full.

• decreasing term assurance
• deductions at source
• deed
• deed of covenant
• deed of partnership
• deep-discount
• deep-gain security
• deep market
• default
• defeasance
• defended takeover bid
• defensive security
• deferred annuity
• deferred coupon note
• deferred credit
• deferred debit
• deferred expense
• deferred income
• deferred ordinary share
• deferred-payment agreement
• deferred pricing
• deferred swap
• deferred taxation
• deficit financing
• defined-benefit pension scheme