What Is the Hospital Insurance Trust Fund? The Federal Hospital Insurance Trust Fund is also known as Part A of Medicare, the health insurance program for people aged 65 and older in the United States. The program is financed through payroll taxes derived from current workers and employers as well as taxes on Social Security
What Is a Hospital Revenue Bond? A hospital revenue bond is a type of municipal bond that finances the construction of new facilities or upgrades for existing hospitals and is secured by the revenues that hospitals receive in the course of their normal operations. Key Takeaways A hospital revenue bond is a type of municipal
What Is a Hostile Bid? A hostile bid is a specific type of takeover bid that bidders present directly to the target firm’s shareholders because management is not in favor of the deal. Bidders generally present their hostile bids through a tender offer. In this scenario, the acquiring company offers to purchase the common shares
What Is a Hostile Takeover? The term hostile takeover refers to the acquisition of one company by another corporation against the wishes of the former. The company being acquired in a hostile takeover is called the target company while the one executing the takeover is called the acquirer. In a hostile takeover, the acquirer goes
What Is a Hostile Takeover Bid? A hostile takeover bid is an attempt to buy a controlling interest in a publicly-traded company without the consent or cooperation of the target company’s board of directors. If the board rejects an offer from a potential buyer, there are three possible courses of action for the would-be acquirer: make
What Is a Hot Issue? In finance, the term “hot issue” is used to describe an upcoming initial public offering (IPO) that is particularly popular among the investing public. Hot issues are typically oversubscribed by investors, meaning that their demand outstrips their supply. In those instances, many speculators may be attracted by the prospect of
What Is Hot Money? Hot money signifies currency that quickly and regularly moves between financial markets, that ensures investors lock in the highest available short-term interest rates. Hot money continuously shifts from countries with low-interest rates to those with higher rates. These financial transfers affect the exchange rate and potentially impact a country’s balance of
What is the Hot Waitress Economic Index? The hot waitress economic index is an offensive and dubious economic indicator that counts the number of attractive people working as servers. According to what we will refer to as the attractive server index, the higher the number of good-looking servers, the weaker the current state of the
What Is an Hourly Clause? An hourly clause, also known as an hours clause, is a provision in a reinsurance contract requiring the time at which a loss occurs to be reported, and, sometimes, restricting coverage to a certain time frame. Hourly clauses are most commonly found in catastrophe reinsurance property policies. Key Takeaways Hourly
What Is a House Call? A house call is a demand by a brokerage firm that an account holder deposit enough cash to cover a shortfall in the amount of money deposited in a margin account. This typically follows losses in the investments bought on margin. The call is made when the account balance has
