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

Category: Finance Dictionary

HETEROGENEITY

A characteristic of services that show change from one service to another or change in day to day customer service. It is hard to standardize and is the opposite of homogeneity.

HIGH CARBON STEEL

Steel with more than .03% carbon and is harde but less formable than the lowcarbon steel. It is used in springs, farming equipment, and high wear uses.

HIGHEST AND BEST USE

The reasonable use of a vacant land that is easily supported. It is also feasible and physically possible. The highest value is gotten from the land.

HIPPA PRIVACY RULE

A rule made to protect personal information and data in medical records. It is a national standard in doctors offices, hospitals, or businesses. It also lets a patient see their records at

HITCHMENT CARGO

Goods added to a shipment sent to the same party going to the same port.

HOLISM

When a system that things the whole is greater than the sum of its parts. The properties are analyzed in its entire complexity. It is the opposite of reductionism.

HONCHO

A phrase that refers to a leader in a company.

HORIZONTAL LAYERING

When reinsures assume their share of a loss. This is also called vertical layering or excess layer.

HOSPITALIZATION EXPENSE POLICY

A policy giving coverage fir the inpatient stays and the expenses of the tests during the stay. It is also for emergency care and surgery.

FACTORING

Financing accounts recievable. It can be maturity factoring, finance factoring, discount factoring, or undisclosed factoring. Refer to discounting of accounts reveivable and forfaiting.

FAILOVER

How a machine or system can transfer the failed operations to a back up without interupting flow.

FAMILY INCOME

The compensation for family members 15 and older in the same household. It can be wages or other forms.

FARM TEAM

A compan that trains employees to leave for another company with more advantages. It offers not ideal working conditions.

FATALISM

The idea that events are predetermined and nothing can be done about it. Free will is nonexistant.

FEATURE STORY

A material that is used for convenience. A human interest story is an example of this. AKA evergreen story with a long shelflife.

FEEDBACK LOOP

A path that starts with an effect abd returns to its cause making the same effect occur.

FIELD TEST

An experiment under controlled conditions of a lab. AKA field experiment.

FILL RATE

The percent customers order stock at hand. Inventory measures this.

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