As a matter of fact. Or In actual fact.
Insurance Encyclopedia
De facto standard
Principle that is not official but has been accepted in an industry through long-time or common widespread usage.
De Jure
As a matter of law. Or By right.
De-emption
Where a managing agent reduces the underwriting capacity of a syndicate, for example when it expects to write less business in future. The participations of the members of the syndicate are reduced proportionately.
De-mutualisation
Process of a mutual insurance company becoming a limited liability company owned by shareholders. Ex-mutual members have received substantial payments to compensate them for their loss of status.
Deactivate
Action taken by the Medicare administrative contractor that renders a provider’s billing number inactive or ineffective for claims processing. The provider is notified and given a reason for this situation.
Dead Freight
Is freight charges paid by the Chartered of vessel for the contracted space, which is left partially unoccupied.
Dead Leg
Dead leg is a sector flown without payload.
Dead Weight Tonnage (DWT)
It expresses the number of tons (of 2,240 pounds) of stores, fuel and cargo that a ship can transport. It is the difference between the number of tons of water a ship displace “Light” and the number of tons it displaces when submerged to her load-line. Ship building industry usually employs this method of tonnage measurement. In countries where metric system is prevalent it refers to tones as well.
Deadheading
A trucking term that means the driving of a tractor-trailer that is empty, usually on the return trip from delivering goods. A special trucking endorsement, Truckers Insurance for Nontrucking Use, may be necessary when deadheading.