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HARD MONEY: Historically money that is in the form of precious metals, especially gold. In modern times, any national currency that is expected to retain its value (and even appreciate in value), and is readily acceptable for most international transactions. The U.S. dollar, German marc, and Swiss franc tend to be near the top of the list of hard money (also termed hard currency).
Visit the GLOSS*arama
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Al Capone's business card said he was a used furniture dealer.
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"Nobody can be successful unless he loves his work. " -- David Sarnoff, TV pioneer
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JEH
Journal of Economic History
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