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Economists use the word money to mean very liquid assets which are held at any moment in time. [3] [6] The units of measurement are dollars or another currency, with no time dimension, so this is a stock variable. There are several technical definitions of what is included in "money", depending on how liquid a particular type of asset has to be ...
Hard money policies support a specie standard, usually gold or silver, typically implemented with representative money. In 1836, when President Andrew Jackson 's veto of the recharter of the Second Bank of the United States took effect, he issued the Specie Circular , an executive order that all public lands had to be purchased with hard money.
AAPL also made the change around hard money terminology the focus of its 2021 conference. [3] In January 2023, Scotsman Guide, a leading news source for residential and commercial mortgage originators, announced that it was renaming its listings of hard money lenders as “private money.” [4]
Everyone has to manage bills, household expenses, taxes, and money, yet personal finance isn't something most people are taught. Financial intelligence learned early can help avoid costly mistakes...
Hard money loans are also different from so-called soft money loans: Hard money loans are usually secured by physical assets like property and their assessed value in the form of equity.
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Hard money may refer to: Hard currency, globally traded currency that can serve as a reliable and stable store of value; Hard money (policy) ...
In macroeconomics, hard currency, safe-haven currency, or strong currency is any globally traded currency that serves as a reliable and stable store of value.Factors contributing to a currency's hard status might include the stability and reliability of the respective state's legal and bureaucratic institutions, level of corruption, long-term stability of its purchasing power, the associated ...