Dictionary of Finance and Investment Terms: hard money (hard currency)
hard money (hard currency)
- currency in which there is widespread confidence. It is the currency of an economically and politically stable country, such as the U.S. or Switzerland. Countries that have taken out loans in hard money generally must repay them in hard money.
- gold or coins, as contrasted with paper currency, which is considered soft money. Some hard-money enthusiasts advocate a return to the gold standard as a method of reducing inflation and promoting economic growth.
