Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance Dictionary

HIT RATE

The sale in a percent of calls or visits and enquiries recieved. AKA batting average or conversion rate.

HOLDINGS

1. shares in a portfolio for a party. It can also be a holding. 2. a print publication in a library. It can be a volume, issue, or document.

HOMEOWNERS PROTECTION ACT OF 1998

A federal law that protects homeowners from practices and mortgage industry.The homeowners pay for the PMI after the coverage is needed. The rights are disclosed. AKA PMI cancellation act.

HORIZONTAL DIVERSIFICATION

Diversifying a firm to get new products that are different than their usual wares. It gets a different type of customers interested.

HOSPITAL CONFINEMENT RIDER

An optional rider in a disability policy. The normal elimination period is insured is admitted as an inpatient.

HOT SWAPPABLE

A computer component that can be removed without shutting down the system. AKA hot pluggable.

FACILITY OF PAYMENT CLAUSE

A rule in life insurance that lets the insurer pay some proceeds to a relative that is entitled to the policy. It minimizes legal costs on estates.

FAIL SOFT

Equipment that fails in a selective way by shutting down the nonessential functions. It keeps primary work going until it can be fixed.

FAMILY AUTOMOBILE POLICY

Insurance for injury or property damage to another party or vehicle. It is nonexistent anymore being replaced by auto insurance.

FAT CLIENT

A computer that is not dependent on the applications. It does its job without a network connection. It reduces server load. Refer to thin client.

FEASIBILITY PHASE

A phase before design where a concpet is looked at to see if its worthwhile.

FEED BACKWARD

Taking the output and returning it to the earlier step for corrections.

FHA PREPAYMENT EXPERIENCE

The mortgage loans outstanding each year after it was started. It is a percent that effects survival rates for the FHA insured mortgage loans.

FILER

A party that files an official document at its office or deposit place.

FINAL PAYMENT

A payment that brings a balance to zero to pay an obligation.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.