Hard Money
/ˌhɑrd ˈmʌni/
Definitions
- (n.) Funds lent or invested secured by real property, typically with higher interest rates and shorter terms than conventional loans.
The borrower obtained hard money to finance the property renovation.
- (adj.) Relating to a currency backed by a valuable commodity, especially gold or silver, regarded as stable and reliable.
The country maintained a hard money policy to ensure monetary stability.
Forms
- hard money
Related terms
See also
Commentary
"Hard money" as a noun often pertains to financing secured by real property with distinct contractual and regulatory features; as an adjective, it relates to currency stability backed by tangible assets, important in monetary law discussions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.