Glossary

Hedge Fund

An investment fund that engages in a range of strategies to earn active return for its investors

High-Yield Bond

A bond that is rated below investment grade and offers a higher yield due to its higher risk of default

Holding Company

A parent corporation that owns enough voting stock in another corporation to control its policies and management

Hostile Takeover

The acquisition of one company by another without the consent of the target company's management

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