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

Category: H

HARMONIZED INDEX OF CONSUMER PRICES (HICP)

An INFLATION index widely used throughout the European Union that measures changes in consumer prices. Unlike various other CONSUMER PRICE INDEX measures, HICP excludes owneroccupied rental costs. See also PRODUCER PRICE INDEX,

HEADLINE EFFECT

Stating that negativenews has an effect in companies and economy. It can cause less spending.

HEAT ISLAND EFFECT

A dome that is made over an urban or industrial area. The air is warmer above ground level and traps pollution. It is noticed in the morning and night and leaves mid

HEAVY OIL

A product that remains after the lighter fractions are distilled from crude oil.

HETEROGENEITY

A characteristic of services that show change from one service to another or change in day to day customer service. It is hard to standardize and is the opposite of homogeneity.

HIGH CARBON STEEL

Steel with more than .03% carbon and is harde but less formable than the lowcarbon steel. It is used in springs, farming equipment, and high wear uses.

HIGHEST AND BEST USE

The reasonable use of a vacant land that is easily supported. It is also feasible and physically possible. The highest value is gotten from the land.

HIPPA PRIVACY RULE

A rule made to protect personal information and data in medical records. It is a national standard in doctors offices, hospitals, or businesses. It also lets a patient see their records at

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.

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