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What does (PD) mean under the grade of a PSA card?

How much does it increase/decrease value of a regular same grade card?
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Cards with significant printing defects will be designated "PD."
May deduct 2 grades for pricing.
Does deduct 2 grades for Registry purposes.
<< <i>May deduct 2 grades for pricing. >>
Actually PSA 9 PDs tend to go for more than PSA 8's, so the price deduction is usually not even a full grade. It's a shame PSA deducts 2 grades for PDs for registry purposes, because that deduction does not align with true value. For other qualifiers, such as OC, it's a different story.