DefinitionKeynesian economics are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate d

Key Currency What is 'Key Currency' The currency used as a reference in an international transaction or when setting an exchange rate. The key currency used is usually issued by a stable,

Key Rate What is 'Key Rate' The specific interest rate that determines bank lending rates and the cost of credit for borrowers. The two key interest rates in the United States are the disc

Hard Loan What is 'Hard Loan' A foreign loan that must be paid in the currency of a nation that has stability and a reputation abroad for economic strength (a hard currency). Explaining

Hedge Clause What is 'Hedge Clause' A provision included in published financial reports that indemnifies the author, or authors, against any responsibility for any errors, omissions, or ov

Hara-Kiri Swap What is 'Hara-Kiri Swap' An interest rate or cross-currency swap devoid of any profit margin for the originator. The term gets its name from Japanese banks' and securities h

DefinitionA home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. The loan amount is determined by the value of the property, and the val

Heath-Jarrow-Morton Model (HJM Model) What is 'Heath-Jarrow-Morton Model - HJM Model' A model that applies forward rates to an existing term structure of interest rates to determine appropr

DefinitionHard currency, safe-haven currency or strong currency is any globally traded currency that serves as a reliable and stable store of value. Factors contributing to a currency's hard

Hawk What is a 'Hawk' A hawk, also known as an inflation hawk, is a policymaker or advisor who is predominantly concerned with interest rates as they relate to fiscal policy. A hawk genera