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

Currency Exchange Risk

Uncertainty about the rate at which revenues or costs denominated in one currency can be converted into another currency.

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