Banks.com.au - Australian Banking, Finance and Investments

Glossary of terms and acronyms related to Australian banking, finance and investments.

DSR - Debt Service Ratio

The Debt Service Ratio - DSR is the percentage of a borrower's income that will be used to pay off a loan. It is one of the factors a lender will use to assess your application. Most lenders set the ... view full definition of "DSR - Debt Service Ratio"

Debentures

Debentures are unsecured debts supported only by the borrower's credit, or evidence of good credit, rather than a specific property or collateral. They are, however, secured by other assets not pledg... view full definition of "Debentures"

Debit card

A debit card is a payment system that draws funds directly against your savings or bank account. Physically it looks much like a credit card, but works more like a cheque account because of the direc... view full definition of "Debit card"

Deposit Bond

A deposit bond is an agreement issued by a bank or financial institution that guarantees full payment by the due date. It is widely used as an alternative to cash deposits on large purchases such as ... view full definition of "Deposit Bond"

Direct Credit

Direct credit is a payment system that transfers funds electronically from one account to another. Many companies use direct credit to pay their employers, so that their wages are deposited directly ... view full definition of "Direct Credit"

Direct Debit

Direct debit is a method of payment wherein funds are directly withdrawn from your bank account. It usually involves a written agreement between the account holder and receiver. To set up direct debi... view full definition of "Direct Debit"

Discharge fee

The discharge fee is charged upon full payment or at the end of a loan period. Also known as the closing fee, it is meant to cover the costs of terminating the account and making the final arrangemen... view full definition of "Discharge fee"