Dictionary of Business Terms: hard dollars
hard dollars
actual payments made by customer or investor; contrast with soft money that may be tax deductible or money that otherwise need not be paid in full.
Dictionary of Finance and Investment Terms: hard dollars
hard dollars
actual payments made by a customer for services, including research, provided by a brokerage firm. For instance, if a broker puts together a financial plan for a client, the fee might be $1,000 in hard dollars. This contrasts with soft dollars, which refers to compensation by way of the commissions a broker would receive if he were to carry out any trades called for in that financial plan. Brokerage house research is sold for either hard or soft dollars.
