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DAP is a way to have a trusted party sign your applet code so that it can be verified by the card when you load your cap files. There is a public key in the SD that handles verification that will verify the signature from a secure private key.
Mandated DAP means that all code loaded onto the SD must have a DAP signature.
Delegated management is a way to give a trusted third party a token that they can use to load and install applications onto an SE. They can only load and install what they have tokens for.