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

Category: H

HITCHMENT CARGO

Goods added to a shipment sent to the same party going to the same port.

HOLISM

When a system that things the whole is greater than the sum of its parts. The properties are analyzed in its entire complexity. It is the opposite of reductionism.

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.

HABITAT

1. the environmental conditions of a place. 2. the surroundings an organizm or species is adapted to that meets its needs. It can be light, moisture, temperature, food, and predators. It can

HALON

A fake chemical with one or two atoms of bromine and halogens. It is in fire extinguishers and is not reactive. It is destructive to the ozone layer.

HAPPY HOUR

The week day tiem of 4-7pm when bars get busy due to people leaving work.

HARD SELLING

Putting pressure on a potential client to make them make fast decisions. If the person is lazy its a good method but if they are not is is not a good idea.

HEAT LOAD

Heat required to take out in a period of time. It is measured in BTUs or watts.

HEAVY USERS

One third of the customers of a good or service that make up two thirds of profits.

HELP DESK

A call center to give user assistance on computer related issues. Individuals with a background walk a user through a process. A single product can have many help lines.

HETEROGENEOUS

A group of items that are different. It is the opposite of homogeneous.

HIRED AUTOMOBILE

A car that is not the insured parties or a member of their household. It is rented by the insured party.

HOCKEY STICK BIDDING

When brokers offer a part of an investment to buy at an inflated price. It is unfair and opens firms to fraud charges.

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