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

Category: Finance Dictionary

HERFINDAHL INDEX

The size of firms in relation to the industry. It relates to the competition on the market. AKA Herfindahl-Hirchman Index (HHI). It is named after Orris C Herfindahl.

HIDDEN UNEMPLOYMENT

Unemployed parties that are not in unemployment figures the government releases. It happens because figures include people that are seeking employment. Those not looking or have given up are not counted and

HIGH SEAS

The seas outside the territorial waters that are open to all states.

HIT

Every time a server sends a file it records a hit. The hits in a period of time are used to measure traffic. Each element corresponds to a file so multiple hits

HOLDING POWER

How well a program can keep its audience from changing the station. It is a percent of the total viewers.

HOMEOWNERS INSURANCE POLICY

Protection policy that covers the insured persons spouse, children, and anyone ounder 21. The must live in the household.

HOT STONE RULE

A management method that states discipline should follow after the incident, give proper warning, be consistent, and be impersonal.

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.

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