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

Category: Finance Dictionary

HOME EQUITY

The amount left after debt is taken on property in the current market. If debts are paid its more. AKA homeowner’s equity.

HOMEOWNER ASSOCIATION (HOA)

A corporation of real estate developers selling homes. If a home is bought they must be members of the association.

HORIZONTAL CONSOLIDATION

Consolidating firms that sell a similar product to increase the product line. It saves money and makes production more efficient.

HOSPITAL ALLIANCES

Hospitals that share services to reduce cost. It helps the hospital stay competitive.

HOT SPARE

A back up part for a computer that is available if the primary one fails.

FACILITY MANAGEMENT

The operation, maintenance, and security of a place of business done by an external party.

FAIL SAFE

Equipment that rarely fails because it is used often and is backed up automatically. Nothing is 100% safe so its preferred to say fault tolerant.

FALLING TOP

A TECHNICAL ANALYSIS charting figure depicting a declining securities price or index value over time, with everlower resistance levels, generally considered to be a bearish signal. Also known as DESCENDING TOP. See

FAT CAT

1. a wealthy campaign donor. 2. a rich person.

FEDWIRE

A computer system done by the federal reserve that transfers account balances and government securities. Refer to culpeper switch.

FHA LOAN

A loan that the FHA insres and is approved by a lender with FHA regulations.

FIELD ORDER

Instructions for making a small change in a contract that doesn’t change the amount or dates.

FILE SERVER

A computer used for storing data made by other computers.

FINAL OFFER INTEREST ARBITRATION

When an arbitrator has to choose between the final positions of the parties involved. It hopes that both parties will be reasonable. They split the difference.

FINANCIAL HEALTH

How to measure the financial fitness of a party to cover expenses of daily life with their income. It also covers how other expenses are paid by income for an individual.

FINANCIAL OBLIGATION

The requirement to pay money to another party once it has been borrowed. It also happens in legal cases. AKA liability.

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