What is the 'Depository Trust Company - DTC'. The Depository Trust Company (DTC) is one of the world's largest securities depositories. The DTC, which was founded in 1973 and is based in New York City, is organized as a limited purpose trust company and provides safekeeping through electronic recordkeeping of securities balances.
To be prepetition property, the security interest must attach to the property. A security interest attaches to personal property upon satisfaction of three requirements: (1) the parties have an adequate security agreement, (2) the secured party gives value, and (3) the debtor has rights or the power to transfer rights in the personal property.
1. Period required to complete an activity, job, or task, usually excluding holidays and other non-working days. 2. Period a fixed-income security (such as an interest bearing bond) will take to recover the investment (principal and interest) in present value terms. This information is usually provided by the security's dealer or the mutual fund that invests in that security. See also Macaulay duration, and modified duration. 3. Change in the price of an interest generating security (such as a bond) caused by a one-percent change in interest rates.