Business Terms and Jargon Explained

What is Hash Function

An algorithm or one-way function which takes a set of data and condenses it to a fixed length binary number (hash value or hash). The function must ensure that: It is virtually impossible to find two valid sets of data that will result in the same hash value.

It is impossible to derive the original data that was used to produce a given hash value.

Crown Copyright. Material taken from the DTI - Department for Trade and Industry. Reproduced under the terms and conditions of the Click-Use Licence.

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SME Tentative Trust Compounded Settlement
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Term created / updated 2007-02-28 13:41:36

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