Hedger - One who purchases or sells a futures contract as a temporary substitute for a transaction to be made at a later date. Related: Hedge

Holder - The purchaser of an option. Also known as the option buyer.

Holding period return - Also called the ex post return, the return on a portfolio over a period of time.

Hybrid security - A convertible security whose optioned common stock is trading in a middle range, causing the convertible security to trade with the characteristics of both a fixed-income security and a common stock instrument.