Dictionary of Procurement Terms

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Search Results: 101-106 of 106 results for “D”
  • Due Process of Law

    The legal principle of fair treatment that states that a citizen cannot be denied life, property, or liberty, and a business cannot be treated arbitrarily or unfairly without the appropriate safeguards and legal procedures contained in the Fifth and Fourteenth Amendments to the U.S. Constitution.
  • Dumping

    An action that occurs when a business or country exports a large quantity of goods at a lower price in a foreign market rather than the price paid in a home market.
  • Durable

    A category of consumer goods that do not wear out quickly, typically lasting for three years or more.
  • Dutch Auction

    A public auctioning structure in which the initial price is in excess of the amount buyers are expected to be willing to pay. The price is then lowered in steps until a buyer is found who is willing to pay the current price offered.
  • Dutiable Good

    Imported or exported good upon which duties are to be imposed.
  • Duty

    The customs imposed on articles taken out of or into a country.



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