Hire Purchase

A transaction in which a purchaser pays an intial deposit and takes the possession. Instalments are then made over a specified time, after which ownership passes tot he purchaser.

Holder

A person in possession of something negotiable.

Hostile Takeover

A takeover bid by one company for another whereby the directors of the later company oppose the bid. It is possible for hostile bids to turn non-hostile after a negotiation of better terms.