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hard money- Political contributions given to a party, candidate, or interest group that are limited in amount and fully disclosed. Raising such limited funds was harder than raising unlimited soft money, hence the term "hard money."
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoThere are distinct uses for the terms in various contexts.
Specie
In fiscal terms, hard money is money with intrinsic value, such as gold and silver coins, or alternatively a currency that has backing, as on the "gold standard." Other forms of money are "soft money" or more specifically "Fiat money" which has a declared value based on the credit of the issuer.
Loans
A "hard money loan" is one that is secured by the value of real estate.
Political Contributions
"Hard Money" consists of political donations that are contributed to support a specific candidate or issue, whereas "soft money" is given to a party or political organization for their unregulated use.
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Wiki User
∙ 12y agovotes
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donations :-)
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They raise it using donations from the public
