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

Category: Finance Dictionary

HEAT EXCHANGER

Equipment transfering heat form one item to another. It can be a readiator. Refer to heat sink.

HEAVY MARKET

A market with falling or non changing prices due to buyer shortages. It shows investor uncertainty.

HELD COVERED

1. insurance term for a rule acceptance of insurance risk as long as extended cover exists. 2. AKA direct covered.

HERTZ (HZ)

The unit of frequency per cycle. It can be in kilo hertz or mega hertz or giga hertz.

HIERARCHY OF AUTHORITY

The power structure and authority that increases at higher levels in the hierarchy. The person at the top is most powerful and makes the final decision.

HIGH-YIELD BOND

A BOND issued by a firm with a SUBINVESTMENT GRADE CREDIT RATING (i.e., below BBB by Standard and Poor

HIT THE RIBBON

A phrase that describes a trade so it shows up on a ticker. I was stared when ticker tape or ribbon was used.

HOMOGENEOUS

An item that is the same as others in the group. It is the opposite of homogeneous.

HOSPITAL INSURANCE

Health insurance for hospital costs. The insured must pay a monthly fee for private insurance. Federal or state employees do not.

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.

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