What Is the Human-Life Approach? The human-life approach is a method of calculating the amount of life insurance a family would need based on the financial loss they would incur if the insured person in the family were to pass away today. Key Takeaways The human-life approach is a method of calculating how much life
What Is Human Resources (HR)? Human resources (HR) is the division of a business that is charged with finding, screening, recruiting, and training job applicants. It also administers employee-benefit programs. HR plays a key role in helping companies deal with a fast-changing business environment and a greater demand for quality employees in the 21st century.
What Is a Humped Yield Curve? A humped yield curve is a relatively rare type of yield curve that results when the interest rates on medium-term fixed income securities are higher than the rates of both long and short-term instruments. Also, if short-term interest rates are expected to rise and then fall, then a humped
What Is a Hundredweight (CWT)? A hundredweight (CWT) is a unit of measurement used to define the quantities of certain commodities being bought and sold. It is used in some commodities trading contracts. Pricing by hundredweight also is a standard option for shipping packages that take up less than an entire truckload. Usage of hundredweight
What Is Hunting Elephants? “Hunting elephants” describes the practice of targeting large companies or customers. Hunting elephants is a buzz term used to describe a strategy of going after very large customers to sell a good or service, as well as targeting large companies for acquisition. For example, hunting an elephant can be a startup targeting
What Is Hurricane Insurance? Actually, hurricane insurance doesn’t exist as a specific, separate type of policy. The term usually refers to what is, strictly speaking, a hurricane deductible on a homeowners insurance policy: an extra amount a homeowner must pay before the insurer will cover the damage or destruction caused by a hurricane. A percentage
What Is a Hybrid Market? A hybrid market is an exchange through which traders can use both automated trading systems and traditional floor brokers in order to execute transactions. In the United States, the most famous example of a hybrid market is the New York Stock Exchange (NYSE). Key Takeaways A hybrid market is an
What Is a Horizontal Well? A horizontal well is a type of directional drilling technique where an oil or gas well is dug at an angle of at least eighty degrees to a vertical wellbore. This technique has become increasingly common and productive in recent years. Operators use it to retrieve oil and natural gas in situations
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
