This question can be answered. And you have some answers above.
Adjust for DC is used to remove a DC offset from a signal.
It can be there either when clipping a converter or when the converter "elects" to output a signal not quite on zero. It might be a sign of a faulty or even only low quality converter although some really high-end boxes might instead indicate what you have outside the converter. Or when clipping, the operator has been a bit too heavy handed. Well, you really never know. Regardless, get rid of it.
I tend to run a high-pass filter set to somewher between about 10 Hz and 30 Hz as there is no music down there anyway. At least none that the typical domestic speakers can play. A specialized sub may output some signal down there but I would not count on it.
From the help file.
Adjust For DC Compensates for DC offset. (For a definition, see “DC offset” on page 274.) During recording, any offset is indicated by clip indicators in the meters.
Note: Select Adjust For DC if your sound card records with a DC offset, shifting the center of the waveform above or below the zero amplitude line. This offset can dramatically shift the amplitude measured by meters, causing them to display levels inaccurately.
// Gunnar