- Hard currency, globally traded currency that can serve as a reliable and stable store of value.
- Hard money (policy), currency backed by specie (as opposed to fiat currency)
- “Hard money” donations to candidates for political office (tightly regulated, as opposed to unregulated “soft money”)
What is the difference between hard and soft money?
Soft money (sometimes called non-federal money) means contributions made outside the limits and prohibitions of federal law. ... On the other hand, hard money means the contributions that are subject to FECA; that is, limited individual and PAC contributions only.
Why do they call it hard money?
It’s called a “hard money” loan because it’s harder to acquire and pay back than its soft money counterpart . ... Rather than looking at your credit score, however, hard money lenders decide whether to lend you money based on the property for which the funds will be used.
What is hard money quizlet?
hard money. Political contributions given to a party, candidate, or interest group that are limited in amount and fully disclosed . Raising such limited funds is harder than raising unlimited funds, hence the term “hard” money.
What means hard money?
Key Takeaways. Hard money refers to a currency that is made up of or directly backed by a valuable commodity such as gold or silver . This type of money is thought to maintain a stable value relative to goods and services and a strong exchange rate with softer monies.
What is an example of hard money?
Hard money (policy), currency backed by specie (as opposed to fiat currency) “Hard money” donations to candidates for political office (tightly regulated, as opposed to unregulated “soft money”) ... Hard money loans, an asset-based loan financing secured by the value of a parcel of real estate.
What are hard money lenders looking for?
In consideration for a hard money loan, most lenders will review the borrower’s investment history , verify the property values for the asset in question and, under normal circumstances, require a 30% to 40% down payment to secure the loan. Hard money loans can be an excellent way to secure a real estate investment.
What is a super pack?
Super PACs are independent expenditure-only political committees that may receive unlimited contributions from individuals, corporations, labor unions and other political action committees for the purpose of financing independent expenditures and other independent political activity.
What is a Soft Money loan?
Soft Money is an innovative new approach to private money lending which combines the benefits of both hard money loans and more traditional loans. A soft money loan requires more underwriting than a hard money loan, allowing it to have lower rates and greater security.
What is the BCRA Law?
The Bipartisan Campaign Reform Act of 2002 (BCRA, McCain–Feingold Act, Pub. L. 107–155 (text) (pdf), 116 Stat. 81, enacted March 27, 2002, H.R. 2356) is a United States federal law that amended the Federal Election Campaign Act of 1971, which regulates the financing of political campaigns.
Who is the best hard money lender?
- RCN Capital.
- CoreVest.
- Lima One Capital.
- Groundfloor.
- LendingHome.
Are Hard Money Loans legal?
In short, yes, hard money loans are legal . ... Like any lender , there are restrictions on the type of deal a hard money lender is interested in funding and it’s important to know what types of loans a hard money lender won’t fund.
Why is Bitcoin hard money?
Once there are 21 million Bitcoins in the world, no more Bitcoins will be created, ever. The existing supply will be the defining amount for all time. That is what makes Bitcoin a form of “hard money” that is even more pure than gold .
What is the purpose of dark money?
The nonpartisan Campaign Legal Center said in a statement that the dark-money provision ensures “that the door to secret foreign dollars in U.S. elections remains wide open through secret contributions to these ostensibly ‘nonpolitical’ groups that run campaign ads without any disclosure of their donors.”
What is hard money vs soft money quizlet?
soft money: campaign money raised apart from federal regulation and can be given directly to one candidate . hard money: campaign money raised for a specific candidate in federal elections and spent according to federal laws and restrictions.
What is the iron triangle quizlet?
The “Iron Triangle” The relationship between congress(especially Sub-Committees), Government agencies(Bureaucracy), and interest groups . This helps create policy in the United States and all 3 parts want to protect their own self interests.
