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

Category: Finance Dictionary

GROSS NATIONAL EXPENDITURE

Country’s total expenses, both public and private, excluding export expenses. Contrast Gross Domestic Product, which includes export expenses.

GROSS REVENUE

Money one actually paid to buy products and/or services … no discounts. Also known as raw sales income.

GROUNDING

Making a path for electricity from equipment, chassis, or frame to either Earth or a metal structure in the event of a circuit short.

GROWTH PHASE

The life cycle stage beyond start up that involves more competition for market shares.

GUEST LAW

A law limiting the passenger rights in an automobile to get a refund from the drivers based on negligence. Negligence has to be proven to get the funds.

HALLIBURTON

An oil and gas company from the US that drills, and produces crude oil. It has global branches and has been in business since 1919. It is the parent company of KBR.

HANDS-ON

Any job experience or training that is direct or on the job.

HARD LANDING

A move from expansion to recession due to a restrictive monetary policy.

HARMONIC MEAN

The mean of positive variables. It divides the observations and the reciprocal of each number.

H-BEAM

A hot rolled steel beam.It has a h shaped cross section used in piling and retaining walls.

HEAVY LIFT VESSEL

A craft made to load and unload cargo. Ships have cranes on them for ramps or can use semisubmersible tools to do the operatoins. It can haul upto 100 tons.

HELD

Something kept in custody or storage to satisfy a condition.

HERSTATT RISK

The cross currency risk when working hours of the banks to not meet due to time zones. It can cause a chain of cross defaults if business is not handles in a

HIERARCHICAL ORGANIZATION

A pyramid like organization when a person controls an area with subordinates. Higher levels are more powerful and control underlings.

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.

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