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Health insurance

Insurance that covers some or all of your medical bills if you get sick or hurt.

Hedge fund

A lightly regulated fund that pools people's money to invest in different investments. Hedge funds can invest in almost anything. They often mix different approaches to investing as a way to ‘hedge' or protect investors from poor results.


A person you choose to leave some or all of your estate after your death. You name them in your will as your beneficiary.

High yield bonds

Offer a higher return, like some equities, but with lower risk. Note: overall rating for risk is higher than other types of bonds, or sometimes not rated.

High-interest savings account

A savings account that pays a higher rate of interest. Some rules apply. Examples: You may have to make a minimum deposit. You may have to do your banking by phone or Internet. You may also have to wait a couple of days to take money out.


Shares or other interests in a business. Also refers to investments in a portfolio.

Home buyers’ plan (HBP)

The Home Buyers' Plan (HBP) is a federal government program that allows you to borrow up to $25,000 from your RRSP tax free to fund your purchase. If both you and your spouse qualify, you can each borrow up to $25,000 from your RRSPs, for a total of $50,000. The money must have been in your RRSP for at least 90 days.

Home insurance

Insurance that covers your home and its contents against losses. Also covers you for accidents that may happen at your home.

Horizon risk

The risk that your investment horizon may be shortened because of an unforeseen event. This may force you to sell investments that you were expecting to hold for the long term. If you must sell at a time when the markets are down, you may lose money.

Hourly wage

The fixed amount you earn per hour.

Human capital

Human capital is someone's ability to generate income from work.

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