DAGMAR

A marketing model (Defining Advertising Goals for Measured Advertising Results) setting specific advertising objectives.

Dark Cloud Cover

A bearish candlestick pattern signaling a potential price reversal after an uptrend.

Dark Pool

Private trading platforms for large securities trades, minimizing market impact.

Dark Web

A hidden internet segment, often used for illegal financial transactions or data trading.

Darvas Box Theory

A trading strategy using price boxes to identify breakout trends, developed by Nicolas Darvas.

Data Analytics

Analyzing data to derive financial insights, like market trends or risk assessment.

Data Mining

Extracting patterns from large datasets, used in financial forecasting or fraud detection.

Data Smoothing

Techniques (e.g., moving averages) to reduce noise in financial data for trend analysis.

Data Warehousing

Storing large volumes of financial data for analysis and reporting.

Data Universal Numbering System (DUNS) Number

A unique identifier for businesses, used in credit and financial reporting.

David Ricardo

19th-century economist known for comparative advantage and theories on rent and trade.

David Tepper

Hedge fund manager, founder of Appaloosa Management, known for distressed debt investing.

DAX Stock Index

Germany’s primary stock index, tracking 40 major companies on the Frankfurt Stock Exchange.

Day-Count Convention

A method to calculate interest accrual based on days in a period (e.g., 30/360).

Day Order

A trading order valid only for the trading day, canceled if unexecuted.

Day Trader

An investor making frequent trades within a day to profit from short-term price movements.

Days Payable Outstanding

Average days to pay suppliers, calculated as accounts payable ÷ cost of goods sold × 365.

Days Sales of Inventory (DSI)

Average days to sell inventory, calculated as inventory ÷ cost of goods sold × 365.

Days Sales Outstanding

Average days to collect receivables, calculated as accounts receivable ÷ sales × 365.

Days Working Capital

Days to convert working capital into revenue, measuring operational efficiency.

De Minimis Tax Rule

Exempts small capital gains (e.g., under $100) from taxes for simplicity.

Dead Cat Bounce

A temporary price recovery in a declining market, often misleading investors.

Deadweight Loss of Taxation

Economic loss from taxes reducing market efficiency, lowering production/consumption.

Deadweight Loss

Inefficiency from market distortions (e.g., taxes, monopolies), reducing total surplus.

Dealer

A firm or individual trading securities for their own account, providing liquidity.

Dealer Market

A market where dealers trade securities from their inventory, setting bid-ask prices.

Death Benefit

The payout from a life insurance policy to beneficiaries upon the insured’s death.

Death Cross

A bearish signal when a short-term moving average crosses below a long-term one.

Death Taxes

Taxes on inherited assets, like estate or inheritance taxes, varying by jurisdiction.

Debenture

An unsecured bond backed by the issuer’s creditworthiness, not collateral.

Debit

An accounting entry increasing assets or expenses, or decreasing liabilities/equity.

Debit Balance

The amount owed in an account, like a credit card or margin account.

Debit Card

A card linked to a bank account, deducting funds directly for purchases.

Debit Note

A document requesting payment or adjusting an invoice, often for returned goods.

Debt

Money borrowed, repayable with interest, like loans or bonds.

Debt Collector

An entity recovering overdue debts, often for a fee or percentage.

Debt Consolidation

Combining multiple debts into one loan, often with lower interest or payments.

Debt/EBITDA Ratio

Debt divided by earnings before interest, taxes, depreciation, and amortization, assessing leverage.

Debt/Equity Swap

Exchanging debt for equity, often in distressed companies to reduce liabilities.

Debt Financing

Raising funds through borrowing, like loans or bonds, repayable with interest.

Debt Fund

An investment fund focusing on debt securities, like bonds or loans.

Debt Instrument

A financial contract representing borrowed funds, like bonds or notes.

Debt Issue

Issuing new debt securities, like bonds, to raise capital.

Debt Overhang

Excessive debt discouraging investment, as returns go to creditors.

Debt Ratio

Total debt divided by total assets, measuring leverage.

Debt Restructuring

Modifying debt terms (e.g., rates, terms) to ease repayment for distressed borrowers.

Debt Security

A financial instrument representing borrowed funds, like bonds, with fixed payments.

Debt Service

Payments of principal and interest on debt obligations.

Debt-Service Coverage Ratio (DSCR)

Net operating income divided by debt payments, assessing ability to cover debt.

Debt-to-Capital Ratio

Debt divided by total capital (debt + equity), measuring financial leverage.

Debt-to-Equity Ratio (D/E)

Total debt divided by shareholders’ equity, indicating leverage.

Debt-to-GDP Ratio

A country’s debt relative to its GDP, assessing economic sustainability.

Debt-to-Income Ratio (DTI)

Monthly debt payments divided by income, used in lending decisions.

Debtor

An individual or entity owing money to a creditor.

Debtor in Possession (DIP)

A bankrupt entity managing its assets during Chapter 11 reorganization.

Debtor-in-Possession Financing (DIP Financing)

Loans to bankrupt firms during Chapter 11 to fund operations.

Decentralized Applications (dApps)

Blockchain-based apps operating without central control, used in DeFi.

Decile

A statistical division splitting data into 10 equal parts, used in portfolio analysis.

Decision Analysis (DA)

A structured approach to making financial or investment decisions under uncertainty.

Decision Support Systems (DSS)

Software aiding financial decision-making with data analysis and modeling.

Decision Theory

A framework for making optimal choices under uncertainty, used in finance.

Decision Tree

A visual model mapping decision outcomes, used in investment or risk analysis.

Declaration of Trust

A legal document establishing a trust’s terms and trustee responsibilities.

Declining Balance Method

Accelerated depreciation reducing an asset’s book value faster initially.

Decoupling

When two markets or assets move independently, breaking historical correlation.

Decreasing Term Insurance

Life insurance with a declining death benefit, often tied to a mortgage.

Deductible

The amount an insured pays out-of-pocket before insurance coverage applies.

Deduction

Expenses subtracted from income to reduce taxable income, like mortgage interest.

Deed

A legal document transferring property ownership, used in real estate.

Deed of Reconveyance

A document releasing a property from a mortgage after full repayment.

Deed of Release

A document releasing a party from legal obligations, like a lien or debt.

Deep Learning

Advanced AI analyzing complex financial data for predictions or trading.

Deep In The Money

An option with a strike price far below (call) or above (put) the market price.

Default

Failure to meet debt obligations, like missing loan or bond payments.

Default Rate

The percentage of loans or bonds defaulting, indicating credit risk.

Default Risk

The likelihood a borrower fails to repay a loan or bond.

Defeasance

Replacing bond collateral with securities to release the issuer from obligations.

Defensive Interval Ratio

Days a company can operate using liquid assets, measuring liquidity.

Defensive Stock

Stocks (e.g., utilities) stable during economic downturns, with low volatility.

Deferment Period

A period when loan payments are postponed, often for student loans.

Deferred Acquisition Costs (DAC)

Insurance costs (e.g., commissions) amortized over a policy’s life.

Deferred Annuity

An annuity with payments starting at a future date, accumulating value until then.

Deferred Compensation

Pay delayed to a future date, often for tax or retirement benefits.

Deferred Income Tax

Taxes owed or saved due to timing differences in income recognition.

Deferred Interest

Interest accrued but not paid, added to the principal, increasing debt.

Deferred Profit Sharing Plan (DPSP)

A plan distributing a portion of profits to employees, often tax-deferred.

Deferred Revenue

Payments received for goods/services not yet delivered, recorded as a liability.

Deferred Tax Asset

Future tax savings from deductible losses or credits, recorded on the balance sheet.

Deferred Tax Liability

Taxes owed in the future due to temporary accounting differences.

Deficit

When expenses exceed revenues, requiring borrowing or reserves.

Deficit Spending

Government spending exceeding revenue, often funded by borrowing.

Deficit Spending Unit

An entity (e.g., government) spending more than its income, creating deficits.

Defined-Benefit Plan

A pension plan guaranteeing a fixed retirement payout based on salary and service.

Defined-Contribution Plan

A retirement plan (e.g., 401(k)) where contributions are set, but payouts vary.

Deflation

A decline in prices, increasing money’s purchasing power, often harming economic growth.

Degree of Combined Leverage

A measure combining operating and financial leverage, showing risk’s impact on earnings.

Degree of Financial Leverage

A measure of how debt affects earnings volatility, calculated as EBIT ÷ EBT.

Degree of Operating Leverage

A measure of how revenue changes affect operating income, due to fixed costs.

Degrees of Freedom

The number of independent values in a statistical calculation, used in financial models.

Delaware Corporations

Companies incorporated in Delaware for tax and legal benefits, like flexible governance.

Delayed Draw Term Loan

A loan allowing borrowers to draw funds over time, with interest only on drawn amounts.

Deleveraging

Reducing debt to lower financial risk, often by selling assets or cutting expenses.

Delinquency Rate

The percentage of loans past due, indicating borrower payment issues.

Delinquent

Failure to make timely payments on a loan or obligation.

Delinquent Account Credit Card

A credit card account with overdue payments, risking penalties or closure.

Delisting

Removing a security from an exchange, often due to non-compliance or low trading volume.

Deliverables

Specific outputs or results expected from a financial or business project.

Delivered at Frontier (DAF)

A trade term where the seller delivers goods at a border, buyer handles customs.

Delivered-at-Place (DAP)

A trade term where the seller delivers goods to a specified location, buyer handles unloading.

Delivered Duty Paid (DDP)

A trade term where the seller covers all costs, including duties, to deliver goods.

Delivered Duty Unpaid (DDU)

A trade term where the buyer pays duties upon delivery, replaced by DAP.

Delivered Ex Ship (DES)

A trade term where the seller delivers goods on a ship at the destination port.

Delivery Versus Payment (DVP)

A settlement ensuring securities are delivered only when payment is received.

Delphi Method

A forecasting technique using expert opinions, applied in financial planning.

Delta

A measure of an option’s price sensitivity to changes in the underlying asset’s price.

Delta Hedging

Adjusting a portfolio to neutralize delta, minimizing price movement risk.

Delta Neutral

A portfolio strategy balancing positive and negative deltas to reduce price risk.

Demand

The desire and ability to purchase goods or services at a given price.

Demand Curve

A graph showing quantity demanded at various prices, sloping downward.

Demand Deposit

Bank account funds (e.g., checking) withdrawable on demand without notice.

Demand Draft

A bank-issued payment order, guaranteed for the recipient, similar to a check.

Demand Elasticity

How sensitive demand is to price changes, impacting pricing strategies.

Demand for Labor

The need for workers, influenced by wages and economic conditions.

Demand-Pull Inflation

Inflation caused by increased demand exceeding supply, raising prices.

Demand Schedules

Tables showing quantities demanded at different prices, used in economic analysis.

Demand Shock

A sudden change in demand, impacting prices or economic activity.

Demand Theory

Economic principles explaining how demand influences prices and markets.

Dematerialization (DEMAT)

Converting physical securities into electronic form for easier trading and settlement.

Demographic Dividend

Economic growth from a favorable age structure, with more workers than dependents.

Demographics

Population characteristics (e.g., age, income), influencing financial markets and demand.

Demonetization

Declaring a currency invalid, often to combat fraud or transition to new currency.

Demutualization

Converting a mutual company (e.g., insurance) into a shareholder-owned entity.

Denomination

The face value of a financial instrument, like a bond or currency note.

Dependency Ratio

The ratio of non-working (dependents) to working-age population, impacting economic policy.

Dependent

An individual (e.g., child) relying on another for financial support, affecting taxes.

Dependent Care Benefits

Employer-provided benefits (e.g., childcare) to support employees, often tax-advantaged.

Depletion

Accounting for the reduction of natural resources (e.g., oil) as they are used.

Deposit

Funds placed in a bank or financial account, often earning interest.

Deposit at Custodian (DWAC)

Electronic transfer of shares to a custodian, streamlining stock transactions.

Deposit Multiplier

The ratio of money created by banks through lending relative to reserves.

Deposit Slip

A form documenting funds deposited into a bank account.

Deposition

A sworn testimony used in financial litigation or disputes.

Depository

An institution holding and safeguarding financial assets, like banks or DTC.

Depositary Receipt

A certificate representing shares in a foreign company, traded domestically (e.g., ADR).

Depository Transfer Check

A non-negotiable check transferring funds between accounts, used in settlements.

Depository Trust and Clearing Corporation (DTCC)

A U.S. entity clearing and settling securities trades, reducing risk.

Depository Trust Company (DTC)

A DTCC subsidiary holding and transferring securities electronically.

Depreciated Cost

An asset’s original cost minus accumulated depreciation, reflecting current book value.

Depreciation

Allocating an asset’s cost over its useful life, reducing taxable income.

Depreciation, Depletion, and Amortization (DD&A)

Accounting for asset cost reductions, including tangible and intangible assets.

Depreciation Recapture

Taxing gains from asset sales as ordinary income if depreciation was claimed.

Depression

A severe, prolonged economic downturn with high unemployment and low output.

Depth of Market (DOM)

Data showing bid and ask orders at various price levels, indicating liquidity.

Deregulation

Reducing government rules to increase market competition, impacting finance.

Derivative

A financial contract deriving value from an underlying asset, like options or futures.

Derived Demand

Demand for inputs (e.g., labor) driven by demand for the final product.

Descending Triangle

A bearish chart pattern with a flat lower support and declining upper resistance.

Descriptive Statistics

Summarizing data (e.g., mean, median) for financial analysis or reporting.

Devaluation

Reducing a currency’s value relative to others, often to boost exports.

Developed Economy

A high-income country with advanced infrastructure and stable financial systems.

Development Economics

Studying economic growth in developing nations, focusing on poverty and infrastructure.

Diamonds

Precious stones traded as commodities or investments, often for diversification.

Digital Currency

Electronic money (e.g., cryptocurrencies) used for transactions, often decentralized.

Digital Marketing

Promoting financial products/services via online channels, like social media or ads.

Digital Money

Electronic forms of currency, including cryptocurrencies and bank digital payments.

Digital Option

A binary option with a fixed payout if the underlying asset meets a condition.

Digital Wallet

Software or device storing payment information for transactions, including crypto.

Diluted Earnings per Share (Diluted EPS)

Net income divided by shares, including potential dilutive securities like options.

Dilution

Reducing existing shareholders’ ownership percentage by issuing new shares.

Dim Sum Bond

A bond issued in Hong Kong, denominated in Chinese yuan, for offshore investors.

Direct Cost

Costs directly tied to production, like materials or labor, excluding overhead.

Direct Deposit

Electronically transferring funds (e.g., payroll) into a bank account.

Direct Investment

Investing directly in assets or businesses, like buying stocks or real estate.

Direct Market Access (DMA)

Trading directly on exchanges without intermediaries, improving speed and control.

Direct Marketing

Selling financial products directly to consumers, bypassing intermediaries.

Direct Method

A cash flow statement approach listing actual cash inflows/outflows from operations.

Direct Participation Program (DPP)

Investments (e.g., real estate) offering tax benefits and direct income to investors.

Direct Public Offering (DPO)

A company selling shares directly to the public without underwriters.

Direct Quote

A currency exchange rate expressed as domestic currency per foreign unit.

Direct Stock Purchase Plan (DSPP)

Buying shares directly from a company, often with low fees, bypassing brokers.

Direct Tax

Taxes paid directly to the government, like income or property taxes.

Directional Movement Index (DMI)

A technical indicator measuring trend strength and direction in trading.

Dirty Price

A bond’s price including accrued interest, unlike its clean price.

Disability Insurance

Coverage replacing income if unable to work due to disability, protecting finances.

Disbursement

Payment of funds, like loan proceeds or expense reimbursements.

Disclosure

Providing relevant financial or legal information to stakeholders, required by regulators.

Discontinued Operations

Business segments sold or shut down, reported separately in financial statements.

Discount

A reduction in price or value, like a bond trading below par.

Discount Bond

A bond sold below its par value, yielding a higher return at maturity.

Discount Broker

A brokerage offering low-cost trading with minimal advisory services.

Discount Margin (DM)

The additional yield a floating-rate bond offers over its reference rate.

Discount Rate

The interest rate used to discount future cash flows or set by central banks.

Discount Yield

The yield on a discount security, like T-bills, based on face value.

Discounted Cash Flow (DCF)

Valuing an investment by discounting future cash flows to present value.

Discounted Payback Period

Time to recover an investment, factoring in discounted cash flows.

Discounting

Calculating the present value of future cash flows using a discount rate.

Discounts for Lack of Marketability (DLOM)

Valuation reductions for assets with limited liquidity or selling restrictions.

Discouraged Worker

A person who stops seeking employment due to repeated job search failures.

Discrete Distribution

A probability distribution with distinct outcomes, used in financial modeling.

Discretionary Account

An investment account where a broker makes trades without client approval.

Discretionary Expense

Non-essential spending (e.g., entertainment), cuttable during financial constraints.

Discretionary Income

Income remaining after taxes and essential expenses, used for discretionary spending.

Discretionary Investment Management

Portfolio management where the advisor makes decisions without client input.

Diseconomies of Scale

Increased per-unit costs as a firm grows, due to inefficiencies or complexity.

Disequilibrium

A market imbalance where supply and demand don’t align, causing price volatility.

Disguised Unemployment

Workers appearing employed but contributing minimally, often in overstaffed sectors.

Disinflation

A slowing rate of inflation, where prices rise but at a decreasing rate.

Disintermediation

Bypassing intermediaries (e.g., banks) in financial transactions, like direct lending.

Disinvestment

Reducing or selling investments, often to reallocate capital or cut losses.

Dispersion

The spread of data (e.g., returns), measured by variance or standard deviation.

Disposable Income

Income after taxes, available for spending or saving.

Disposition

The act of selling or transferring an asset, like stocks or property.

Disruptive Innovation

New products/services reshaping markets, often displacing established firms.

Disruptive Technology

Innovations (e.g., blockchain) transforming financial or business operations.

Dissenters' Rights

Shareholders’ right to oppose a corporate action (e.g., merger) and demand fair value.

Distressed Sales

Selling assets (e.g., property) under financial pressure, often below market value.

Distressed Securities

Securities of financially troubled firms, traded at discounts due to risk.

Distributable Net Income (DNI)

Trust income available for distribution to beneficiaries, used for tax purposes.

Distributed Ledger Technology

A decentralized system (e.g., blockchain) recording transactions across multiple nodes.

Distributed Ledgers

Digital records shared across a network, ensuring transparency in financial transactions.

Distribution

Payments to shareholders (e.g., dividends) or product delivery to markets.

Distribution Channel

The path goods/services take from producer to consumer, impacting costs.

Distribution In Kind

Non-cash payments (e.g., shares) distributed to shareholders or investors.

Distribution Management

Strategies to optimize product delivery to customers, minimizing costs.

Distribution Network

The system of intermediaries delivering products to end users.

Distribution Waterfall

A structure prioritizing how investment returns are distributed among stakeholders.

Distribution Yield

The annualized income (e.g., dividends) from an investment, expressed as a percentage.

Divergence

When an asset’s price and a technical indicator (e.g., RSI) move oppositely, signaling a trend change.

Diversification

Spreading investments across assets to reduce risk.

Diversified Company

A firm operating in multiple industries or markets to mitigate risk.

Divestiture

Selling or closing a business unit or asset to focus on core operations.

Divestment

Selling investments, often for ethical, financial, or strategic reasons.

Dividend

A payment from a company’s profits to shareholders, typically per share.

Dividend Aristocrat

A company consistently increasing dividends for at least 25 years.

Dividend Discount Model (DDM)

Valuing a stock by discounting future dividend payments to present value.

Dividend Growth Rate

The annualized percentage increase in a company’s dividend payments.

Dividend Irrelevance Theory

A theory stating dividends don’t affect a company’s value, per Modigliani-Miller.

Dividend Payout Ratio

Dividends divided by net income, showing the portion of profits distributed.

Dividend Per Share (DPS)

The total dividend paid per share, indicating shareholder income.

Dividend Policy

A company’s strategy for distributing profits as dividends or retaining earnings.

Dividend Rate

The annualized dividend amount per share, expressed as a percentage or dollar value.

Dividend Recapitalization

Borrowing to pay a special dividend, increasing leverage while rewarding shareholders.

Dividends Received Deduction (DRD)

A U.S. tax break for corporations receiving dividends from other firms.

Dividend Reinvestment Plan (DRIP)

Automatically reinvesting dividends to buy more shares, enhancing returns.

Dividend Yield

Annual dividends divided by stock price, showing income return.

Documentary Collection

A trade payment method where banks handle documents to ensure payment or delivery.

Dodd-Frank Wall Street Reform and Consumer Protection Act

A 2010 U.S. law enhancing financial regulation and consumer protections post-2008 crisis.

Dogs of the Dow

An investment strategy buying the highest-yielding Dow Jones stocks annually.

Doji

A candlestick pattern with a small body, signaling market indecision or reversal.

Dollar-Cost Averaging (DCA)

Investing a fixed amount regularly, reducing average cost per share over time.

Dollar Duration

A measure of a bond’s price sensitivity to a 1% change in interest rates.

Dollarization

A country adopting the U.S. dollar as its currency, often to stabilize the economy.

Domestic Corporation

A company incorporated in its home country, subject to local laws.

Domestic Relations Order (DRO)

A court order allocating retirement plan assets in divorce settlements.

Domicile

The legal residence of a person or company, impacting tax and regulatory obligations.

Donchian Channels

A technical indicator using high/low prices over a period to identify trends.

Dormant Account

A bank or investment account with no activity for an extended period.

Dotcom

A company focused on internet-based business, prominent in the late 1990s.

Dotcom Bubble

A late 1990s stock market bubble driven by overvalued internet companies, crashing in 2000.

Double Bottom

A bullish chart pattern with two price lows, signaling a potential uptrend.

Double Declining Balance Depreciation Method (DDB)

Accelerated depreciation doubling the straight-line rate, reducing asset value faster.

Double Entry

An accounting system recording each transaction with equal debits and credits.

Double Exponential Moving Average (DEMA)

A faster-reacting moving average reducing lag in technical analysis.

Double Irish With A Dutch Sandwich

A tax avoidance strategy using subsidiaries in Ireland and the Netherlands.

Double-Spending

Spending the same digital currency twice, a risk mitigated by blockchain.

Double Taxation

Taxing the same income twice, like corporate profits and shareholder dividends.

Double Top

A bearish chart pattern with two price highs, signaling a potential downtrend.

Dove

A policymaker favoring low interest rates to stimulate growth, contrasting with hawks.

Dow 30

The 30 large companies in the Dow Jones Industrial Average, representing key sectors.

Dow Jones CDX

A credit default swap index tracking North American corporate debt risk.

Dow Jones Industrial Average (DJIA)

A U.S. stock index tracking 30 major companies, reflecting market performance.

Dow Theory

A technical analysis framework using market trends to predict price movements.

Down Payment

An initial payment for a purchase (e.g., home), reducing the loan amount.

Down Round

Raising capital at a lower valuation than previous rounds, diluting shareholders.

Downside Risk

The potential for loss in an investment, often measured by volatility or VaR.

Downstream

Operations closer to the end user (e.g., refining, distribution) in industries like oil.

Downtrend

A sustained decline in asset prices, indicating bearish market conditions.

Drag-Along Rights

A clause forcing minority shareholders to sell if majority shareholders approve a sale.

Dragonfly Doji Candlestick

A doji with a long lower shadow, signaling potential bullish reversal.

Drawdown

The peak-to-trough decline in an investment’s value, measuring risk.

Drawee

The bank or entity directed to pay a check or draft.

Drawing Account

An account tracking partner or employee advances, repaid from profits or commissions.

Dry Powder

Cash or liquid assets held for future investments or opportunities.

Dual Class Stock

Shares with different voting rights, often giving founders more control.

Dual Income, No Kids (DINK)

A demographic with two incomes and no children, impacting financial planning.

Dual Listing

A company’s shares listed on multiple exchanges, increasing liquidity.

Due from Account

Funds owed to a bank from another in interbank transactions.

Due to Account

Funds a bank owes to another in interbank transactions.

Due Diligence

Investigating a financial opportunity or company to assess risks and value.

Dumping

Selling goods below cost in foreign markets, often triggering anti-dumping duties.

Dun & Bradstreet (D&B)

A firm providing business credit reports and DUNS numbers for financial analysis.

Duopoly

A market dominated by two firms, influencing pricing and competition.

DuPont Analysis

A method breaking down return on equity into profitability, efficiency, and leverage components.

Durable Goods Orders

A report on new orders for long-lasting goods, indicating economic activity.

Duration

A measure of a bond’s price sensitivity to interest rate changes, in years.

Durbin Watson Statistic

A test for autocorrelation in regression models, used in financial forecasting.

Dutch Auction

An auction where prices start high and decrease until accepted or a minimum is reached.

Dutch Disease

Economic issues from a strong currency due to resource exports, harming other sectors.

Dutch Tulip Bulb Market Bubble

A 17th-century speculative bubble in tulip prices, collapsing in 1637.

Dynasty Trust

A long-term trust preserving wealth across generations, minimizing taxes.