Photoshop :: Parent - Child, Master - Slave

im photoshop is there any kind of system like this?

for example:

i want to place an adjustment like Hue/Saturation to just one layer. I want to use that little half shaded circle at the bottom of the layers palette (create a new adjusment layer or fill). and i want it to just effect one layer of my project. So is there a way that i could set it up so that the the adjustment layer would be like a parent to the layer i want effected and it wouldnt effect the layers below the child layer?

Now i know i could just put the layer i want to be adjusted at the bottom of the layer list but for this certain layer, it needs to be above a different layer below it.