time draft. Documentary collections Trade transactions handled on a draft basis. Documented discount notes Commercial paper backed by normal bank lines of credit plus a letter of credit from a bank stating that it will pay off the paper at maturity if the borrowerdefaults. Such paper is also referred to as L.O.C. paper. Also known as Bankers' Acceptances. Documents against acceptance Shipping documents held by the buyer's bank until the buyer has accepted (signed) the draft. Documents against payment Shipping documents that are released to the buyer once the buyer has paid for the draft. Dogs of the Dow The 10 stocks of the 30 on the Dow Jones Industrial Average with the most depressed prices and consequently the highest yields. The investorbuying these stocks speculates that they will bounce back over a one-year period. Dollar bears Traders who capitalize on a falling dollar by buying other foreign currencies directly. Dollar bonds Municipal revenue bonds for which quotes are given in dollar prices. Not to be confused with "US Dollar" bonds, a common term of reference in the Eurobond market. Dollar cost averaging See: Constant dollar plan Dollar drain The impact of importing from foreign countries more than exporting to them. The money required to finance the import purchases removes dollars from the importing nation. Dollar duration The product of modified duration and the initial price. Dollar price of a bond Percentage of face value at which a bond is quoted. Dollar return The return realized on a portfolio for any evaluation period, including (1) the change in market value of the portfolio and (2) any distributions made from the portfolio during that period. Dollar roll Similar to the reverse repurchase agreement-a simultaneous agreement to sell a security held in a portfolio with purchase of a similar security at a future date at an agreed-upon price. Dollar safety margin The dollar equivalent of the safety cushion for a portfolio in a contingent immunizationstrategy. Dollar shortage Results when a nation importing US goods cannot pay for them without the aid of the United States. Dollar-weighted rate of return Also called the internal rate of return; the interest rate that makes the present value of the cash flows from all the subperiods in an evaluation period plus the terminal market value of the portfolio equal to the initial market value of the portfolio. Domestic bonds Bonds issued and traded within the internal market of a country and denominated in the currency of that country. Domestic corporation A corporation that is conducting business and is based in the country in which it is established, as opposed to a foreign corporation. Domestic International Sales Corporation (DISC) A U.S. corporation that receives a tax incentive for export activities. Domestic market A nation's internal market representing the mechanisms for issuing and tradingsecurities of entities domiciled within that nation. Compare external market and foreign market. Domestic series Nonmarketable interest and noninterest-bearing securitiesissued periodically by the Treasury to the Resolution Funding Corporation (RFC) for investment of funds authorized under section 21B of the Federal Home Loan Bank Act. Donor One