Highest-in, first out (HIFO)
A method of determining the value of inventory based on the assumption that the inventory with the highest cost of purchase is the first one to be used or sold.

Hire purchase
A transaction in which the buyer of goods pays only a fixed percentage of the purchase price as a deposit to hire the goods for a monthly rent and takes possession of the goods.

Hire-purchase contract
A legal agreement for a hire purchase.

Historical cost
The amount of cash or cash equivalents paid or the fair value of the other consideration given to acquire an asset at the time of its acquisition.

Hold point
Apoint beyond which work shall not proceed without the written authorization of a designated individual or organization.

Hurdle rate
Target return on capital proposed for capital investment projects that exceeds the cost of capital.

Heating, ventilation and air-conditioning.