The Law Dictionary

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

Category: H

HARMONIZED SALES TAX (HST)

A canadian tax that combines a good and service with provincial tax. It makes a more efficient tax system without an increase.

HAZARDOUS CHEMICAL

The EPA lists these substances and needs the MSDS to communicate the procedures.

HEALTH MAINTENANCE ORGANIZATION (HMO)

A firm that gives basic long term care through volunteering. All manner of personnel are on the board. They pay a fee that lets them use services. Supplemental services are also offered.

HEAT UNIT

AKA British thermal unit, or Btu in the United States.

HEDGER

A party that employs HEDGING techniques in order to minimize, or neutralize, RISK, often through DERIVATIVE contracts. See also HEDGE, SPECULATOR.

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 FLYER

Stock that gets a high price and trading volume in a short time.

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.

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.

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.

HOMOGENEOUS GOODS

A product that competes in a market but has no difference from others. It competes with price or availability.

HORIZONTAL DIVERSIFICATION

Diversifying a firm to get new products that are different than their usual wares. It gets a different type of customers interested.

HOSPITAL CONFINEMENT RIDER

An optional rider in a disability policy. The normal elimination period is insured is admitted as an inpatient.

HOT DESKING

Whenan office does not give an employee their own space. A pool of desks are available when needed. It is done when the database is wirelessly accessed.

HACKER

A programmer that breaks into accounts to get access for the thrill of it. It is criminal action and can be altering, stealing, or taking funds.

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