1. /dee-dee/ vt. [Unix: from IBM JCL] Equivalent to cat or BLT. Originally the name of a Unix copy command with special options suitable for block-oriented devices; it was often used in heavy-handed system maintenance, as in "Let's dd the root partition onto a tape, then use the boot PROM to load it back on to a new disk". The Unix dd(1) was designed with a weird, distinctly non-Unixy keyword option syntax reminiscent of IBM System/360 JCL (which had an elaborate DD `Dataset Definition' specification for I/O devices); though the command filled a need, the interface design was clearly a prank. The jargon usage is now very rare outside Unix sites and now nearly obsolete even there, as dd(1) has been deprecated for a long time (though it has no exact replacement). The term has been displaced by BLT or simple English `copy'. From Jargon Dictionary

2. convert and copy a file From whatis

3. copies a file (from standard input to standard output, by default) using specific input and output blocksizes, while optionally performing conversions on it. From Linux Guide @FirstLinux