Kiting What is 'Kiting' Kiting is the act of misrepresenting the value of a financial instrument for the purpose of extending credit obligations or increasing financial leverage. 2. A fr

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

DefinitionHawala or hewala, also known as hundi or—in Somali, xawala or xawilaad—is a popular and informal value transfer system based not on the movement of cash, or on telegraph or com

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

Hard Dollars What is 'Hard Dollars' Cash fees or payments made by an investor or customer to a brokerage firm in return for their services. Hard dollars differ from soft dollar payments be

DefinitionHedge accounting is an accountancy practice. Hedge Accounting What is 'Hedge Accounting' Hedge accounting is a method of accounting where entries for the ownership of a security

Yield Equivalence What is 'Yield Equivalence' The interest rate on a taxable security that would render a return equivalent to that of a tax-exempt security, and vice versa, calculated as

Yield Tilt Index Fund What is 'Yield Tilt Index Fund' A type of mutual fund that allocates capital as a standard index, by replicating the holdings of a specified stock index, such as the

Impaired Credit What is 'Impaired Credit' A deterioration in the creditworthiness of an individual or entity. This is usually reflected through a lower credit score, in the case of an indi