Holding company

1) A company which holds shares in other (subsidiary) companies (frequently all - ie wholly-owned). In goods vehicle operator licensing, a holding company may have the vehicles of its subsidiary companies specified on its 'O' licence (and vice versa) but not those of associate companies.

HMRI

1) Her Majesty's Railway Inspectorate. Part of the Health and Safety Executive (HSE) charged with controlling the health and safety risks to employees, passengers and others involved with railway operation.

H/L

1) Abbreviation for heavy lift. Term used in aviation for the movement of very heavy or large consignments by air.

Hire or reward

1) (1) In road haulage this means the carriage of goods for which payment is made - ie as opposed to the own-account* carriage of goods. Where the vehicles concerned exceed 3.5 tonnes gross weight a Standard 'O' licence is required (unless otherwise exempt).

Highway Code

1) DTLR publication containing advice for all road users (ie on foot and on two/four wheels). Not law in itself but failure to follow guidance given could lead to prosecution for offences.

Higher paid employee

1) For income tax purposes - an employee who earns (including any bonus, expenses, benefits in kind) £8,500 per annum or more.