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

Category: Finance Dictionary

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.

FAILURE MODE

How equipment failure happens due to premature operation, scheduled failure, shutting down, during operatoin, or degraded functionality.

FAMILY INCOME POLICY

Life insurance that takes ordinary and decreasing life insurance. It helps children get payments if the person passes before a period of time. If they are still alive they get the face

FATIGUE

1.the diminshed capacity to perform due to tiredness. It happens due to exertion and can cause illness. 2. when a material can fracture under stress. Refer to fatigue strength.

FEEDER AIRLINE

A carrier that brings travelers from destinations not served by the larger carriers. It brings them to a main hub.

FICO SCORE

A credit score used for mortgages for borrower ability to pay. It is short for fair isaac corporation.

FIELD UNDERWRITING

The first decisions of an insurance agent about the possible client to see if they meet underwriting standards.

FILM

A material that is .25 mm thick. Anything thinner is foil. The thicker stuff is a sheet.

FINANCE COMPANY

An organization that takes deposits and lends to a consumer or businesses.

FINANCIAL COVENANTS

The conditions of a loan contract that lets management stay in limits of a firm’s operations.The borrowing firm promises to adhere to the limits put before them in order to keep the

FINANCIAL INFORMATION EXCHANGE (FIX)

An open source that is free. It exchanges data on security transactions with a messaging standard so it is done in real time. It promises a flow of financial information across borders.

FINANCIAL PROJECTION

The predictions for future profit and expense for an organization or country. History, internal information, cost data, and other things are considered to get this figure. It generates a picture of where

FINANCIAL STATEMENT ANALYSIS

To look into the status of a company. Accountants do several things to get to a decision. Some profit and loss analysis, oversee management, and make statements to name a few.

FINANCING STATEMENT

A document a lender files for interest once property is used as collateral. It is a matter of public notice.

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