Heating Degree Day (HDD) What is 'Heating Degree Day - HDD' The number of degrees that a day's average temperature is below 65oFahrenheit (18o Celsius), the temperature below which buildin

Hang Seng Index (HSI) What is 'Hang Seng Index - HSI' A market capitalization-weighted index of 40 of the largest companies that trade on the Hong Kong Exchange. The Hang Seng Index is mai

Head Trader What is 'Head Trader' The manager of a trading business. He or she is responsible for the positions, risk and ultimate profitability of that business. In a registered securitie

Implied Rate What is an 'Implied Rate' An implied rate is an interest rate that is determined by the difference between the spot rate and the forward/futures rate. The degree of relative c

DefinitionA quasi-contract is a fictional contract recognised by a court. The notion of a quasi-contract can be traced to Roman law and is still a concept used in some modern legal systems.

Implied Contract Terms What are 'Implied Contract Terms' Implied contract terms are items that a court will assume are intended to be included in a contract, even though they are not expre

DefinitionImplied Repo Rate is the rate of return of borrowing money to buy an asset in the spot market and delivering it in the futures market where the notional is used to repay the loan.

National Commodities And Derivatives Exchange (NCDEX) What is 'National Commodities And Derivatives Exchange - NCDEX' India's largest and most recognized commodities exchange, which was es

Nasdaq 100 Index What is 'Nasdaq 100 Index' An index composed of the 100 largest, most actively traded U.S companies listed on the Nasdaq stock exchange. This index includes companies from

Narrow Basis What is 'Narrow Basis' A condition found in futures markets in which the spot price of underlying commodities is close to the futures price of the same contract. Explaining