Financial Terms Starting With D

A process for asking a data provider or credit bureau to review information believed to be inaccurate. Etihad Credit Bureau provides a Data Correction service for information appearing in its Credit Reports.

The amount or benefit payable under an eligible life or protection policy when the insured person dies, subject to the policy terms, beneficiary provisions, exclusions and claim requirements.

A payment card that usually takes the value of purchases and withdrawals from the linked bank account rather than from a revolving credit line. Available spending depends on account funds, limits and any authorised overdraft.

Related terms

Bank Account

A measure of how much of a borrower's gross salary and other defined regular income is committed to debt repayments. Under current CBUAE retail-lending and mortgage rules, the general maximum is 50%, subject to product-specific rules, lender assessment and limited regulatory exceptions.

Also known as

DBR

Related terms

Al Etihad Credit Bureau·EMI·Credit Score

Combining eligible existing debts into a new loan or financing arrangement so they are repaid under one structure. A lower monthly instalment does not automatically mean a lower total cost, especially if the repayment period becomes longer.

A general measure comparing debt payments with income. In UAE retail banking, Debt Burden Ratio is the more commonly referenced regulatory concept, so users should check which calculation a lender is actually using.

Also known as

DTI

The amount a policyholder must bear toward an eligible claim before or alongside the insurer's payment. A higher excess can reduce some premiums but increases the amount the customer may pay when claiming.

Failure to meet a material financial obligation under the agreed contract, such as required repayments. Consequences can include collections, fees, enforcement against security and negative credit-reporting effects, depending on the product and circumstances.

A payment moved to a later date under an approved arrangement. Deferral can change interest or profit costs, maturity, future instalments or other terms, so the revised total amount payable should be checked.

A status indicating that a required payment has not been made by its due date. The longer an amount remains overdue, the more serious the impact can become on fees, collections and credit history.

Money held in an account that can generally be withdrawn on demand, subject to the account terms. Current accounts and many savings accounts are forms of demand deposits.

A Shari'ah-compliant financing structure in which the customer and financier share ownership of an asset and the customer's ownership increases over time as units are purchased from the financier, commonly alongside rental payments.

An arrangement where an insurer or administrator pays an eligible healthcare provider directly for covered treatment, leaving the insured to pay any applicable co-pay, deductible or non-covered amount.

An authorised payment method that allows a beneficiary to collect amounts from a customer's bank account under an agreed mandate. It is commonly used for recurring bills, loan instalments and subscriptions.

The customer's authorisation allowing specified direct debits to be collected from an account under agreed terms. The mandate normally identifies the beneficiary and the account to be debited.

A transaction that a customer formally challenges because it is believed to be unauthorised, incorrect, duplicated, not delivered as agreed or otherwise eligible for investigation. The bank may require evidence and apply card-scheme or payment-system rules.

An account associated with a customer who meets the dormancy criteria under current CBUAE rules. For many current, savings or similar accounts, three years without qualifying customer activity can contribute to dormancy classification, while separate transfer and reclaim rules apply to long-unclaimed balances.

The portion of an asset purchase price paid by the buyer from their own funds rather than financed by the lender. For UAE mortgages, the required down payment is closely linked to regulatory LTV limits and the property's value and type.

Related terms

Loan-to-Value

The date by which a required payment should be received or posted according to the product terms. Missing the due date can trigger fees, finance charges, collections activity or credit-reporting consequences.

A merchant or ATM service that offers to convert a foreign-currency card transaction into the cardholder's home or billing currency at the point of sale. The offered exchange rate and markup should be compared with the card issuer's normal foreign-currency conversion.

Also known as

DCC