Word
Meaning

Data Protection Act

The Data Protection Act controls how your personal information is used by organisations, businesses or the government. Everyone responsible for using data has to follow strict rules called ‘data protection principles’.

Debt Finance

Debt financing occurs when a firm raises money for working capital or capital expenditures by selling bonds, bills or notes to individuals and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise the principal and interest on the debt will be repaid. 

Director

An appointed or elected member of the board of directors of a company who, with other directors, has the responsibility for determining and implementing the company's policy.

Director Duties

The Companies Act 2006 outlines the statutory duties of company directors as seven general duties;

Duty to act within your powers as a company director
Duty to promote the success of your company
Duty to exercise independent judgement
Duty to exercise reasonable care, skill and diligence
Duty to avoid conflicts of interest
Duty not to accept benefits from third parties
Duty to declare interest in proposed transaction or arrangement with the company

Directors and Officers Insurance

Directors’ and officers’ liability insurance – also known as D&O insurance – covers the cost of compensation claims made against your business’s directors and key managers (officers) for alleged wrongful acts. Wrongful acts include: breach of trust, breach of duty, neglect, error, misleading, statements, wrongful trading.

Disciplinary

An employer could start formal disciplinary action against an employee if they have concerns about their work, conduct or absence. Disciplinary procedures are a set way for an employer to deal with disciplinary issues. They should include a disciplinary hearing where the employee is given a chance to explain their side of the story. There should also be a chance to appeal any disciplinary action the employer decides to take.

Discrimination

Discrimination means treating a person unfairly because of who they are or because they possess certain characteristics. If you have been treated differently from other people only because of who you are or because you possess certain characteristics, you may have been discriminated against.

Dismissal

A dismissal is when an employees contract is ended. There are 4 different types of dismissal, Fair Dismissal, Unfair Dismissal, Constructive Dismissal, Wrongful Dismissal.

Distance contract

A distance contract is made between you and a consumer where you are not face-to-face and which is negotiated and agreed by one or more organised means of distance communication (e.g. telephone, post, email, internet).

Distance contract

A distance contract is made between you and a consumer where you are not face-to-face and which is negotiated and agreed by one or more organised means of distance communication (e.g. telephone, post, email, internet).

Distributable profits

Distributable profits are essentially the realised profits (after prior distributions or capitalisation) less realised losses (after losses which are written off in a reduction or capital reorganisation).

Dividends

A dividend is a distribution made to shareholders from a company’s post-tax profits. It is a way for a company to give value to the shareholders.

DSE Assessment

Display Screen Equipment - an assessment that takes into account the environment in which the DSE is used, comments made by the user, guidance and information.

Deregistration Threshold 

As of the 1st April, 2017 deregistration threshold rose from £81,000 to £83,000.