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

Category: Finance Dictionary

HARD MARKET

An INSURANCE market cycle where INSURERS reduce the amount of coverage they are willing to write, causing supply to contract and PREMIUMS to rise. A hard market can occur by the onset

HEADCOUNT REDUCTION

How employees at a place are reduced due to changes in circumstance. It can be drops in sales or services.

HEAT EXHAUSTION

Fatigue buildup that leads to fainting. It causes low blood pressure and blood volume because of dehydration. Rehydrate and rest and a medical doctor can help this.

HEAVY METAL

They can be Arsenic, Beryllium, Cadmium, Chromium, Lead, Mercury, Nickel, Selenium, and Manganese. They are used in industrial process and carried by air or water. They stay in organs and can be

HERTZBERG’S TWO FACTOR THEORY

The idea that employee satisfaction can motivate or cause dissatisfaction in performance. Frederick Herzberg researched this in the 1950s.

HIERARCHY OF EFFECTS

The give steps of consumer passes. It is awareness, interest, evaluation, conviction, and purchase.

HIGH TRUST SYSTEM

Working with great autonomy and control that uses accountability and responsibility.

HINDSIGHT BIAS

The idea that an event can be predicted after it has already happened.

HOME HEALTH CARE

Care in a patient’s home done by nurses, aids, and therapists part time.

HOMOSKEDASTIC

A structure error that shows errors over the sample. There is no pattern to this error.

HORIZONTAL INTEGRATION

Merging companies on the same production stage. If the products are similar competitors merge. If the market is different it is a monopoly. AKA lateral integration. Refer to vertical integration.

HYBRID MODEL

A corporation owned by family interest that has illiquid capital markets, inactive corporate control, and nascent regulations. Also called a relationship or market model.

FACTOR ENDOWMENT

The labor that is exploited in a country. A country with large factor endowments are better off.

FAILED TRADE

A transaction that won’t settle on the date contracted. It happens when parties disagree on the quality of items delivered.

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