Glossary
Digital Wallet - glossary for children
An application on a phone or smartwatch that stores information about bank cards, tickets, public transport cards, and and other digital items. It can be used to make payments by holding the device close to a payment terminal and to track how much money has been spent.
Direct Debit
A method of automatic payment where an individual (payer) authorizes a recipient (e.g. a service provider or institution) to withdraw funds directly from their bank account when a payment due date occurs, by giving consent to the bank. It is most used for loan instalments, utility bills, and other recurring payments.
Direct Tax
A tax imposed directly on the income, profits, real estate, or assets of individuals and legal entities, paid by the taxpayer to the state. Examples of direct taxes in Bulgaria include the personal income tax, corporate tax, real estate tax, vehicle tax, tax on property acquisition for consideration, gift tax, and inheritance tax.
Disability Pension due to General Illness
Granted to individuals with a permanent reduction in work capacity of 50% or more. The conditions for eligibility for this pension are specified in the Social Insurance Code.
Discount - glossary for children
Money taken off the price to make it lower.
Disposable Income
The income that households or individuals have available for spending and saving after deducting all taxes and compulsory social contributions.
Diversification
An investment risk management strategy where funds are distributed across different assets, sectors, markets, or financial instruments to reduce the impact of potential losses from any single investment on the overall portfolio. Diversification limits dependency on the performance of one asset or group of assets and increases portfolio stability amid changing market conditions. It is a fundamental principle of investment management, suitable for both individual and institutional investors.
Dividend
The distribution of a portion of a company’s profit, paid as a reward to its owners—partners or shareholders.
Donation - glossary for children
Money, items, or work given freely to help someone or support a cause.
Partners
