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

HIT

Every time a server sends a file it records a hit. The hits in a period of time are used to measure traffic. Each element corresponds to a file so multiple hits

HIT RATE

The sale in a percent of calls or visits and enquiries recieved. AKA batting average or conversion rate.

HIT THE BID

A contract a dealer uses to sell secirites to the highest bidder from another dealer. Compare this term to take the offer.

HIT THE RIBBON

A phrase that describes a trade so it shows up on a ticker. I was stared when ticker tape or ribbon was used.

HITCHMENT CARGO

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

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.

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.

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.

HOLDER IN BAD FAITH

A party that gets an instrument with knowledge that it is not properly negotiated. Refer to holder in good faith.

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.

HOLDER IN GOOD FAITH

A party that buys an instrument with no knowledge of defect. Refer to holder in bad faith.

HOLDING COMPANY

A business organization that lets a firm and directors to control other firms. Venturing outside of the core happens in certain conditions for tax benefit and loss sharing. Sometimes a majority must

HOLDING GAIN/LOSS

A company that recongnizes revenue and expenses in relation to changes in price and assets in inventory. Any increase or decrease is reported in a financial statement.

HOLDING PERIOD

1. the time an asset is held by the woner for tax benefits. 2. When a check is held before it is deposited. 3. the time a hotel keeps a room for

HOLDING POWER

How well a program can keep its audience from changing the station. It is a percent of the total viewers.

HOLDINGS

1. shares in a portfolio for a party. It can also be a holding. 2. a print publication in a library. It can be a volume, issue, or document.

HOLDOVER AUDIENCE

The percent of audience that has seen or heard the program after the one they were watching. AKA inherited audience.

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