hard money

English

Noun

hard money (usually uncountable, plural hard moneys)

1. (economics) Money backed by specie and easily convertible into foreign currencies.
2. (US, politics) Money contributed directly to a candidate rather than to a party or committee.
3. Academic funds received from a government or other entity at regular intervals, as opposed to those requiring the submission of research grant proposals etc.

See also

• hard money loan
• soft money