Hard dollars

Definition:

Actual separate payments made by a customer for services, including research, provided by a brokerage firm. Antithesis of soft dollars.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Portfolio opportunity set

The expected return/standard deviation pairs of all portfolios that can be constructed from a given set of assets.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio