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

Category: Finance Dictionary

HOME SOURCING

When firms oursource to a persons home in hiring. It cuts cost by hiring independent people.

HORIZONTAL ANALYSIS

A balance sheet study for more than one period. The total changes for each line is analyzed. Refer to vertical analysis.

HORSEPOWER HOUR (HP HR)

Energy that is 745.7 watts, 2545 btu, 1.98 million foot lbs, 2.68 megajoules, and 64.1 kilocalories.

HOT DESKING

Whenan office does not give an employee their own space. A pool of desks are available when needed. It is done when the database is wirelessly accessed.

FACE VALUE

The PRINCIPAL amount of a security; for standard securities transactions, face value, and PAR VALUE are often equivalent. Face value is distinguished from MARKET VALUE, although in many cases they converge to

FACULTATIVE

A process where a REINSURER can accept or reject coverage for individual RISKS presented for consideration by a CEDING INSURER. See also REINSURANCE.

FAKE CLAIMS

False insurance claims. It is done to profit from insurance.

FAMILY STYLE

Serving food in dishes that everyone can help themselves to.

FAST FOLLOWER

A business that implements the good ideas of others quickly.

FINAL CONSUMER

A strategy that focuses on the end user of the product. It involves advertising of an item.

FINANCIAL ASSET

Money that is easily accessible. It can be cash, loans, checks, and securities just to name a few.

FINANCIAL FORECAST

A guess at future business affecting the company or country. It looks at trends and projects them to give an executive information needed on a financial decision. It also uses historical data.

FINANCIAL RESPONSIBILITY LAW

A law requiring a policy holder to show they can pay for any losses. It is needed in accidents sometimes depending on the state it happens in. This can be your insurance

FINANCIAL YEAR

A period that starts any day of the year but must end in 12 months. It is used to show accounting books that compute reports of a companies status. It may not

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