One who purchases or sells a futures contract as a temporary substitute for a transaction to be made at a later date. Related: Hedge
The purchaser of an option. Also known as the option buyer.
holding period return
Also called the ex post return, the return on a portfolio over a period of time.
Homogeneous expectations assumption
An assumption of Markowitz portfolio construction that investors have the same expectations with respect to the inputs that are used to derive efficient portfolios: asset returns, variances, and covariances.
Horizon analysis
An analysis of returns using total return to assess performance over some investment horizon.
Horizon matching
Related: Combination matching
Horizon return
Total return over a given horizon.
Horizontal analysis
The process of dividing each expense item of a given year by that same expense item in the base year. This allows for the exploration of changes in the relative importance of expense items over time and the behavior of expense items as sales change.
Host security
The security to which a warrant is attached.
Hybrid security
A convertible security whose optioned common stock is trading in a middle range, causing the convertible security to trade with the characteristics of both a fixed-income security and a common stock instrument.

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