Glossary
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.
Down Payment (Own Contribution)
The amount of money you have available and invest when purchasing an asset with a loan — for example, a home or a car. It represents the initial payment that must be made upfront for the loan to be granted for the purchase of a long-term asset or property.
Dual Education System (Work-Based Learning)
A form of education for acquiring professional qualifications by students in grades 11 and 12, carried out in partnership between a vocational school and enterprises where practical training takes place.
Partners
