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

Category: H

HIRE-PURCHASE

A system when a buyer pays for an item in installments while using it.

HOLD HARMLESS CLAUSE

A part in a contract when parties agree not to hold the other party responsible for loss, liability, or damage. The parties are unilateral or reciprocal. Refer to indemnity clause.

HOLISTIC MARKETING

Marketing that thinks about the business as a whole to get its place broader in the customers life. It maintains many perspectives.

HOME INSPECTION

The inspection of a propery to see its safety and mechanical condition. It is done by a home buyer.

HONORARY TRUST

A trust enforced with no clear beneficiary. It can be made for animals.

HORIZONTAL MERGER

A merger between two companies to improve their product or increase customers. This is also called a conglomerate merger or a vertical merger.

HOST COUNTRY

A nation that another nation visits by an invite from the government.

HACCP

The analysis of hazards and control points. It can relate to food and its possible health hazards in its distribution. It prevents contamination and uses food inspectors to do the work. It

HARASSMENT

Repeated conduct that is not wanted and is known to all parties as offensive. Refer to sexual harassment. See, e.g., Is Cyberbullying Illegal?

HARD SKILLS

Strategies taught to people who want careers in finance. It takes a thick skin to handle ups and downs of the profession.

HARRY MARKOWITZ

An economist that made a portfolio theory. An investory will accept a larger profits.It examines risk and profit in a portfolio. He got a Nobel Prize in 1990.

HEALTH CARE

Taking the necessary medical and preventative procedures to improve well being. It can be medical or change a lifestyle. Hospitals are often involved.

HEAT PUMP

A heater/air conditioner to give a year round interior temperature for a building.

HEDGE

An investment that takes position in futures or options to market to reduce the impact of changes in interest rates or prices. Refer to hedging.

HIATUS

A temporary break. It occurs when airing a TV show and can be a break between season or employment history.

HIGHLIGHT REPORT

A report for management that looks at progress on a project and highlights on an issue.

HIRING PERIOD

A period that start when the employer offers a job to a party and lasts until they have adjusted to the job.

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