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

Category: H

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 PROCESS

It starts to evaluate a situation to assess the healthhazard based on the contaminant ingredients, controlled steps to prevent the hazards, and the distribution chain not being hazardous. Should the area not

HAMBURG RULES

The rules changed by the UN in 1978. It makes a carrier liable for damages to cargo under the care. If all measures are taken the carrier is not fined. Only 20

HARD ASSET

An asset that is physical or financial. It is on the left side of a balance sheet.

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.

HOLDBACK PAY

Wages an employer holds back. It is given when conditions are met and is done at the beginning of employment when payroll is being set up or if an advance is needed.

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