The present value of defined benefit obligations is the present value, without deducting any plan assets, of expected future payments required to settle the obligation resulting from employee service in the current and prior periods.

Short for Defined Benefit Obligation. Cash value of all benefits for service periods that have already been rendered taking into account future salary increases, to the extent the benefits are contingent on future salary.

Defined Benefit Obligation: DBO is defined as the present value of all vested and non-vested benefits calculated on the basis of estimated salary levels at retirement. The only actuarial method that may be used to calculate the DBO is the projected unit credit method. DBO is the same as PBO (projected benefit obligation).

dbo is yet another database object framework written entirely in Python. Tables are represented using schema objects that encapsulate column information and supporting metadata. Row instances are represented as a dictionary.

In a user's own database, SQL Server recognizes the user as "dbo". A database owner logs into SQL Server using his or her assigned login name and password. See also Database Owner.

Lighting term. Dead blackout: a sudden, instantaneous switching off of all lights. Dealer Commercial: A national commercial produced and paid for by a national advertiser and then turned over to local dealers to book air time, usually with the dealer's tag added on.

Dynamic Bass Optimization. A unique active bass EQ circuit that allows the tuning of a subwoofer enclosure after it has been installed into a vehicle.

DELIVER BALANCE ORDER. See:  BALANCE ORDER.

See Delivery Balance Order.

Delivery Balance Order. An order issued by the clearing corporation to any firm that, after the day’s trades are netted, has delivery or sale position remaining. The order defines what is to be delivered to whom.

Deficiencies

Direct cost