What Is a Homeowners Association (HOA) Fee? The term “homeowners association (HOA) fee” refers to an amount of money that must be paid by certain types of residential property owners every month to their homeowners associations (HOAs). These fees are collected to assist the association with maintaining and improving properties. HOA fees are almost always
What Is Homeowners Insurance? Homeowners insurance is a form of property insurance that covers losses and damages to an individual’s residence, along with furnishings and other assets in the home. Homeowners insurance also provides liability coverage against accidents in the home or on the property. Key Takeaways Homeowners insurance is a form of property insurance
What Is the Homeowners Protection Act? The Homeowners Protection Act of 1998 is a law designed to reduce the unnecessary payment of private mortgage insurance (PMI) by homeowners who may no longer be required to pay it. The Homeowners Protection Act covers all private, residential mortgages purchased after July 29, 1999. The act, also known as
What Is the Homestead Exemption? The homestead exemption is a way to minimize property taxes for homeowners. It is also a legal provision offered in most states that helps shield a home from some creditors following the death of a homeowner’s spouse or the declaration of bankruptcy. The homestead tax exemption can provide surviving spouses with
What Is a Home Warranty? A home warranty is a residential service contract that covers the cost of maintaining household systems or appliances for a set period. A home warranty is different from homeowners’ insurance and it is different than a structural warranty, which is used by home builders and buyers and not used for existing
What Is Homoskedastic? Homoskedastic (also spelled “homoscedastic”) refers to a condition in which the variance of the residual, or error term, in a regression model is constant. That is, the error term does not vary much as the value of the predictor variable changes. Another way of saying this is that the variance of the
What Is the Hong Kong SAR? Hong Kong is the premier financial and business center in China and a regional financial leader. Hong Kong is one of China’s special administrative regions (SARs). An SAR is a relatively autonomous regions within the People’s Republic of China that maintain separate legal, administrative, and judicial systems from the
What is the Hong Kong Stock Exchange (HKG) .HK The Hong Kong Stock Exchange (HKG) .HK is a member of the HKEX Group and the leading venue for capital raising activity for Hong Kong and Mainland Chinese issuers. One of the world’s largest securities markets by market capitalization, the Hong Kong Stock Exchange traces its
What Is a Hook Reversal? Hook reversals are short-term candlestick patterns that predict a reversal in the trend’s direction. The pattern occurs when a candlestick has a higher low and a lower high than the previous session’s candlestick. This pattern differs from engulfing patterns in that the size difference between the first and second bar’s body can be relatively small.
What Was the Hope Credit? The Hope Credit, or the Hope Scholarship Tax Credit, was a nonrefundable education tax credit offered to eligible American taxpayers. Qualifying students could claim this tax credit for their first two years of postsecondary education. The Hope and other lifetime learning credits were enacted to encourage higher education and provide a measure
