WEALTH MANAGEMENT GLOSSARY

DTC

Death Taxes

Deduction

Defeasible

Deferred Annuity

Defined Contribution Plan

Depreciation

Direct Skip

Disbursement

Discount Broker

Discretionary Account

Dispositive Provisions

Distribution

Diversification

Dividend

Domicile

Donee/Donor

Dow Jones Industrial Average

Duration

The Depository Trust Company, an organization formed by the New York Stock Exchange to hold certificates for securities held by member firms. Member firms deposit certificates that are transferred to DTC on the books of the issuing companies. The issuing corporations pay dividends to DTC, which, in turn, credits the accounts of the member firms, which also in turn credit the client accounts. Registration of share in "street name" or "nominee name" in conjunction with the use of the DTC, greatly simplifies and speeds financial transactions for securities.