Dictionary
H
- highest and best use
That use of land which, within all constraints (for example, zoning bylaws), will provide the maximum net return during the foreseeable future.
- historic cost
The actual amount of money spent at the time the asset was purchased or the improvements were built. See also Current Cost.
- howey test
One of two tests which determines whether an investment unit is a security. The other test is called the Risk Capital Test.