Do Not Increase (DNI)
Instructions on a good-till-cancelled buy-limit or stop order that tell a broker not to increase the number of shares bought or sold in the event of a stock dividend or stock split. Investopedia Says:
This is telling a broker not to increase the shares of your order when the number of shares you own increases. Related Terms:
Do Not Reduce (DNI)
Good Till Cancelled (GTC)
Limit Order
Stock Dividend
Stock Split
Stop Order Distributable Net Income (DNI)
In the case of an income trust, an amount that is transferable to unitholders. In the case of an estate trust, the amount to be distributed to a beneficiary. Distributable net income is the maximum amount received by a unitholder or a beneficiary that is taxable; any amount above this figure will be tax free. Investopedia Says:
Distributable net income is seen as a close estimate of the true economic value the distribution would provide, but the actual amount paid out to those designated will most likely vary. At times, DNI is paid out to minimize the tax burden levied on the trust itself, and it can also provide a steady income to a beneficiary or a unitholder. Related Terms:
Beneficiary
Blind Trust
Canadian Income Trust
Cash Distribution Per Unit - CDPU
Dividend
Estate
Income Tax
Income Trust
Mutualization
Royalty Income Trust |