Standard Industrial Classification (SIC)
What is the Standard Industrial Classification (SIC)? The Standard Industrial Classification (SIC) is a four-digit classification system that classifies industries according to business activities. The SIC classification system was created in 1937 to help the U.S. government and government agencies analyze economic activities across the domestic economy. The SIC code assigned to a company was...
House Maintenance Requirement
What is the House Maintenance Requirement? House maintenance requirement refers to the minimum amount of equity that a trader must have in their account to maintain a margin balance. The regulations are set out by Regulation T of the Federal Reserve as a way to protect brokerage firms from losses in the event that traders...
Hostile Bid
What is Hostile Bid? A hostile bid is a type of takeover bid where the acquiring company presents a tender offer directly to the shareholders to buy their shares at a premium. The acquiring entity does not go through the board of directors because they rejected the offer or they are against the acquisition. The...
Hot IPO
What is a Hot IPO? A Hot IPO (Initial Public Offering) is a highly anticipated first-time issuance of a company’s shares to the general public in an open market. One or more investment banks can act as underwriters for the offering. The objective of issuing shares through an IPO is to raise money for the...
Hospital Revenue Bond
What is a Hospital Revenue Bond? A hospital bond is a type of municipal bond that is issued to raise financing for the construction of a hospital, nursing home, or other hospital facilities. The bond can also be used to purchase new equipment or upgrade existing equipment within the hospital. Hospital revenue bonds are issued...
