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

Category: H

HIGH-LOW OPTION

An OVERTHECOUNTER COMPLEX OPTION that grants the buyer a payoff based on the difference between the high and low prices achieved by the UNDERLYING reference ASSET during the life of the transaction.

HISTOGRAPH

A line chart that uses a histogram to join the midpoints in a straight line.It ends in a polygon shape. If more data is avialable than it becomes a frequency or frequency

HOLDER IN DUE COURSE

A term for the original holder of an instrument that takes it in good faith and exchanges something valuable for it. AKA protected holder.

HOLOGRAPHIC WILL

A signed will hand written that is legally binding. See, What Is a Holographic Will?

HORIZONTAL AGREEMENT

When competing businesses agree to work in the same market sharing market research to make more profit and be more efficient. If price fixing occurs than an antitrust law is violated.

HORSEPOWER (HP)

The way the power of an engine is rated. It is also used on US hotels using star ratings from 1 to 5. There is no standard way to do this so

HOT CARGO

A product made by nonunion employees. The employee is given unfair treatment. It can be an agreement for an employer and labor preventing them from using products from nonunion sources. It is

HAIRCUT

1. cutting excess without losing the main goal. 2. the difference betwen the market and loan advanced based on an asset. Refer to loan asset. 3. the margin between the buying and

HANDHELD COMPUTER

A small device that works like a laptop but is not one. It can have a calendar, diary, data management, word processing, network, and internet access. AKA personal digitial assistant.

HARDCOVER

A publicatin with a signature stitched between two pieces of board covered. AKA clothbound, hardback, or hardbound. Refer to soft cover.

HASH TOTAL

The actual and arbitrary values used for records and documents.

HEALTH HISTORY

A tool for underwriting health care to decide the risks that are acceptable.

HEAT STROKE

A health condition that is caused by exposure to heat. It causes body regulation failure. It can cause fever, fast heart beat, dizziness, confusion, nausea, vomit, fainting, and no sweating. Medical attention

HEDGE RATIO

A measure that indicates the price relationship between a reference ASSET and a proxy HEDGE contract. The hedge ratio, which is generally based on a statistical process such as linear regression, reflects

HENRY PAULSON

The former Treasurey Secretary of the US under the Bush administration. He is chairman and CEO of Goldman Sachs before his appointment.

HIDDEN INFLATION

Quality and quantity that decreaes even though the price goes down. It happens when the product stays at the same price but is offered in less numbers or quality.

HIGH LEVEL LANGUAGE (HLL)

A programming language that has english like syntax. Each statement can represent many languages instructions and do complex operations. I lets the programmer create without worrying about underlying machine architecture.

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