valuesValuable assets owned by a company, that are not accurately reflected in its stock price at a particular time.High-coupon bond refundingReplace a high-coupon bond with a new, lower-coupon bond.High creditThe maximum amount of outstandingloans for a particular customer on a bank's record.High current income mutual fundA mutual fund whose primary goal is to produce a high level of income by making higher-riskinvestments in instruments such as junk bonds.High flyerHigh-priced and highly speculative stock that moves up and down sharply over a short period. Generally glamorous in nature due to the capital gains potential associated with them; also used to describe any high-priced stock. Antithesis of sleeper.High-gradeCredit quality of AAA or AA.High-grade bondA bond with Triple-A or Double-A rating in Standard & Poor's, or Moody's rating system.High priceThe highest (intraday) price of a stock over the past 52 weeks, adjusted for any stock splits.High-premium convertible debentureA bond with a long-term, high-premium, common stock conversion feature. It also offers a competitive interest rate. This type of investment vehicle is aimed at bondinvestors who want to be able to convert into stock to hedge against inflation.High-tech stockStocks of companies operating in high-technology fields.High withholding tax interest incomeInterest income that is subject to a foreign gross withholding tax of 5% or more. Specified in US tax code.High yieldIn the context of hedge funds, a style of management that focuses on low rated fixed income securities.High-yield bondSee: Junk bondHighjackingJapanese term for a takeover.Highly confident letterAn investment bankingfirm's letter indicating that the firm is highly confident it will be able to arrange financing for a securities deal.Highly leveraged transaction (HLT)Bank loan to a highly leveragedfirm.HighsStocks that have hit an all-time high for the current 52-week time period.Hire PurchaseThe right to purchase an asset by the user of the asset according to a pre-agreed method. The user may be the owner for tax purposes.Historical costDescribes the accounting cost carried in the books for a current cost of the item.Historical Cost Accounting ConventionAn accounting technique that values an asset for balance sheet purposes at the price paid for the asset at the time of its acquisition.Historical exchange rateAn accounting term that refers to the exchange rate in effect at the time an asset or liability is acquired.Historical trading rangeThe range of price over which a security or a commodity has traded since listing on a exchange.Historical volatilityFluctuations estimated from a historical time series.Historical yieldA measure of a mutual fund'syield over a specific period of time, e.g., 1 year, 2 year, 5 year, or year to date.Hit the bidA dealer who agrees to sell at the bid price quoted by another dealer is said to "hit" that bid. Antithesis of take the offer.Hit the ribbonUsed in the context of general equities. See: Print.HoldTo maintain ownership of a security over a long period of time. "Hold" is also a recommendation of an analyst who is not positive enough on a stock to recommend a buy, but not negative enough on the stock to recommend a sell.HolderThe purchaser of an option.Holder of record dateThe date on which holders of record in a firm'sstockledger