What Is Home Banking? Home banking, also known as online banking, refers to the convenience of conducting banking transactions from the comfort of your home instead of physically visiting a…
What Is the Home Affordable Modification Program (HAMP)? The Home Affordable Modification Program (HAMP) was a federal initiative launched in 2009 by the government to aid struggling homeowners in steering…
What Are Holdovers? Holdovers, in finance, represent transactions, typically checks, that have not yet been processed by banks. The period during which checks are designated as holdovers usually spans a…
What is a HIPAA Waiver of Authorization? A HIPAA Waiver of Authorization is a crucial legal document that permits the sharing of an individual’s health information with third parties. This…
What Is a High Street Bank? A high street bank, a term commonly used in the UK, refers to a prominent retail bank with numerous branch locations strategically situated in…
What Is a High-Ratio Loan? A high-ratio loan refers to a loan where the loan value is significantly high compared to the value of the property used as collateral. In…
What Is the Heroes Earned Retirement Opportunities (HERO) Act? The Heroes Earned Retirement Opportunities (HERO) Act, enacted in 2006, provides a significant benefit for military personnel by enabling them to…
Understanding Hawala: A Discreet Money Transfer System Hawala, often referred to as an underground banking system, is a method of transferring funds without the physical movement of money. Essentially, it…
What is a Hammer Clause? A hammer clause, also referred to as a blackmail clause, settlement cap provision, or consent to settlement provision, is a critical element found in insurance…
What Was the Halloween Massacre? The Halloween Massacre denotes the pivotal 2006 Canadian government decision to subject all Canadian income trusts to taxation akin to corporations. On October 31, 2006,…