Glossary
Health Insurance Contributions - glossary for children
Money paid regularly so people can receive medical care when needed.
Health (Medical) Insurance
An insurance product that provides financial protection and/or access to healthcare services in case of illness, accident, or the need for medical treatment. Coverage may be full or partial, depending on the terms of the insurance policy.
Heir
A person who, by law or by will, acquires the property rights and obligations of a deceased person (the decedent), either in full or in part.
Hidden Terms (in a contract)
Clauses in a service contract that may violate consumer rights and be entirely in favour of the merchant but are not clearly stated or are omitted from the contract text.
Higher Education - glossary for children
Studying at a university or college after school to learn more and have better job options.
Highly Liquid Asset
An asset that can be quickly and easily converted into cash with minimal loss of value.
High‑Risk Asset
A financial investment with a high probability of either losing money or making a substantial profit. Such assets are typically highly sensitive to market changes and are more volatile. Examples of high-risk assets include shares of small companies, cryptocurrencies, startup businesses, and certain types of bonds. Investors often take on this risk in the hope of higher returns but must also be prepared for possible losses.
High‑Risk Fund
An investment fund that invests mainly in more volatile and risky assets with high return potential but also a high probability of losses, especially in the short term. Suitable for investors with a higher risk tolerance and a long-term investment horizon.
High‑Risk Investor Profile
An investor who is willing to take significant financial risks in order to achieve higher returns from their investments.
High‑Yield Investment Programme (HYIP)
A type of Ponzi scheme, an investment fraud that promises unsustainably high returns by paying earlier investors with funds collected from new investors.
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