HH Savings Bonds
A savings bond that pays semiannual coupon interest, unlike EE savings bonds.

Health And Biotechnology Funds
A fund that invests primarily in the stocks of companies in the medical industry.

Hedge
To reduce the risk in one security by taking an offsetting position in a related security.

Hedge Fund
A mutual fund that uses futures to offset investment risk. For example, a fund manager concerned about declining stock prices might hedge his or her holdings by buying a put option of some stocks. Put options, call options and selling short are widely used hedging tools for stock fund managers. Hedging is also used extensively in international funds that attempt to minimize currency risks. The fund's prospectus discloses whether or not a fund engages in hedging.

High Current Yield Fund
A fund that seeks to provide a relatively high current yield. High current yield funds tend to invest primarily in lower grade fixed income securities without any quality or maturity restrictions.

High-Yield Bond Fund
A fund that invests primarily in high yield bonds, also referred to as junk bonds. High yield bond funds generally seek high returns and tend to be one of the riskier bond fund investments.

Historical Yield
Yield provided by a fund (typically a money market fund) over a specific time period.

Home Equity Loan
A loan that uses the equity in one's home as collateral. In most cases, the interest paid on the loan is deductible.

Home Health Care
Health care services provided at home may include part-time skilled nursing care, speech therapy, physical or occupational therapy and homemaking. Home health care may be covered by Medicare or insurance under certain circumstances.

House Maintenance Call
Demand to the customer for additional funds from the brokerage firm because the equity in the customer's margin account has fallen below the minimum amount allowed by the firm.

House Requirement
The minimum amount of equity brokerage firms require margin clients to maintain in the account.

Hypothecation
A brokerage firm's pledging of margin securities at a bank to secure the funds necessary to carry an account's debit balance.

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