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

HOME OFFICE

1. the headquarters of a firm that make policy and do management to control the business. 2. an office set up for a self employed person.

HOME PAGE

The main page of a website that gives the owner’s information and links for other parts of the page. It is the first page shown but can be changed by the visitors

HOME SOURCING

When firms oursource to a persons home in hiring. It cuts cost by hiring independent people.

HOME STAGER

A party that stages homes to make it appealing to buyers. It can be done with occupied and vacant homes. Furniture can be taken away or brought in to achieve the desired

HOME STAGING

Making an unfurnished home appear more lived in to the buyer. The buyer feels at home during the tour increasing sales. A company that does this has their own furniture.

HOMEOSTASIS

The ability of the living things in a system to survive despite changes in a limit. Feedback mechanisms make self regulation possible keeping things balanced.

HOMEOWNER ASSOCIATION (HOA)

A corporation of real estate developers selling homes. If a home is bought they must be members of the association.

HOMEOWNERS INSURANCE POLICY

Protection policy that covers the insured persons spouse, children, and anyone ounder 21. The must live in the household.

HOMEOWNERS PROTECTION ACT OF 1998

A federal law that protects homeowners from practices and mortgage industry.The homeowners pay for the PMI after the coverage is needed. The rights are disclosed. AKA PMI cancellation act.

HOMESTEAD EXEMPTION

The part of a home’s value that is exempt from taxes. It reduces the tax burden on the tax payer. It is only for primary residence.

HOMOGENEOUS

An item that is the same as others in the group. It is the opposite of homogeneous.

HOMOSKEDASTIC

A structure error that shows errors over the sample. There is no pattern to this error.

HONCHO

A phrase that refers to a leader in a company.

HONOR SYSTEM

An arrangement where customers help themselves and are trusted to pay for what they take.

HONORARY TRUST

A trust enforced with no clear beneficiary. It can be made for animals.

HOOK

An offer or jingle that gets the attention of the audience. It makes them listen to the proposed value.

HOOKE’S LAW

The elastic limit on a solid material. The strain is measured to show how much a material can take and have the same shape. When the limit is passed it is the

HORIZONTAL AGREEMENT

When competing businesses agree to work in the same market sharing market research to make more profit and be more efficient. If price fixing occurs than an antitrust law is violated.

HORIZONTAL ANALYSIS

A balance sheet study for more than one period. The total changes for each line is analyzed. Refer to vertical analysis.

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