Hard Money

1. Funding by a government or organization that is repetitive, rather than a one-time grant. Examples include ongoing government daycare subsidies or firms that pay annual scholarships to post-secondary students.

2. Describes gold/silver/platinum (bullion) coins. A government that uses a hard money policy backs the value of the currency it uses with a hard, tangible and lasting material that will retain its relative value over time.

1. Governments and organizations prefer hard money because it provides a predictable stream of funds.

2. For example, in the early 1900s, the U.S. dollar was backed by the value of gold. Today, most countries use fiat money, which is made legal tender by government decree but has no intrinsic value of its own.

Investment dictionary. . 2012.

Look at other dictionaries:

  • Hard money — Hard Hard (h[aum]rd), a. [Compar. {Harder} ( [ e]r); superl. {Hardest}.] [OE. hard, heard, AS. heard; akin to OS. & D. hard, G. hart, OHG. herti, harti, Icel. har[eth]r, Dan. haard, Sw. h[*a]rd, Goth. hardus, Gr. kraty s strong, ka rtos, kra tos …   The Collaborative International Dictionary of English

  • Hard money — can refer to:* Hard currency * Hard money donations to candidates for political office * Hard money currency policies * Hard money loans …   Wikipedia

  • hard money — Coin • • • Main Entry: ↑money * * * hard money, 1. currency exchangeable for gold or other precious metal. 2. money maintained at a fixed value in foreign exchange as by means of balance of payments or shipments of gold. 3. money under a banking… …   Useful english dictionary

  • hard money — ➔ money …   Financial and business terms

  • hard money — noun uncount amounts of money, limited by the government, that are given to politicians and can be legally used to influence elections …   Usage of the words and phrases in modern English

  • hard money — index cash Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • hard money — noun Money backed by specie and easily convertible into foreign currencies …   Wiktionary

  • hard money — gold or coins, specie; cash, hard currency; highly stable currency that is accepted worldwide; campaign funds that are used to promote particular candidate (subject to federal regulation) …   English contemporary dictionary

  • hard money — Lawful coined money (as contrasted with paper currency) …   Black's law dictionary

  • hard money — Specie; a coin of the precious metals, of a certain weight and fineness, with the government stamp thereon, denoting its value as a medium of exchange, or currency. Henry v Bank of Salina (NY) 5 Hill 523, 536 …   Ballentine's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.