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

Category: Finance Dictionary

HIGH STRENGTH STEEL

A low carbon steel that has little molybdenum, niobiom, titanium, or vanadiu. AKA hight strength alloy stell, high strength low alloy steel.

HIGH-TICKET ITEMS

Items with high value and cost like jewelry and electronics. They are insurable and extra insurance may be needed.

HIT THE BID

A contract a dealer uses to sell secirites to the highest bidder from another dealer. Compare this term to take the offer.

HOLDOVER AUDIENCE

The percent of audience that has seen or heard the program after the one they were watching. AKA inherited audience.

HOME EQUITY LOAN

A second mortgage the borrower gets to prevent default. The first is paid before the second. AKA home equity debt.

HOMESTEAD EXEMPTION

The part of a home’s value that is exempt from taxes. It reduces the tax burden on the tax payer. It is only for primary residence.

HORIZONTAL EXPANSION

The rate of growth for a company based on current business means. It can mean more locations, stores, outlets, and territory.

HOSPITAL INDEMNITY

Insurance with no coverage amount for a hospital stay. It pays out regularly instead or per incident.

HUNG DEAL

When an underwrite buys unsold securities and than sells them at a discount. This is also called a sticky or stuck deal.

FACTOR COST

The cost of the factors of production used to make something.

FAIL TO RECEIVE

A situation where a buying DEALER has not received securities from the selling dealer, and will thus not make its payment. Fails are commonly used as a measure of operations-based PROCESS RISK.

FAMILY DEPENDENT

A party that is covered because they are the spouse or child of the policyholder.

FAT TAIL

A portion of a statistical distribution that is wider or larger than expected, increasing the probability that an extreme or unexpected value will result.

FIBER OPTIC TRANSMISSION

Sending signals as pulses of light through a media to get the most of it. The most possible is 2 trillion b/s. It is immune to static and is secure as well.

FIELD SERVICE ADVICE

A memo about a rulig on taxes by the IRS that a tax payer asked for. It is done by guidelines and is binding but not legal precedent.

FILING HIERARCHY

Arrangement of files in a system that stores them as principle of subordination. It uses high and low criteria.

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