Simple English definitions for legal terms
Read a random definition: apertum factum
Hard money is physical money, like coins and bills, that you can hold in your hand. It's different from paper money, which is just a piece of paper that represents value. Hard money is also sometimes used to mean cash, which is money that you can spend right away without needing to use a credit card or check.
Hard money refers to physical currency, such as coins and bills, that is used as a medium of exchange. It is different from paper currency, which is not backed by a physical commodity like gold or silver.
The examples illustrate that hard money is tangible currency that can be used to make purchases or payments. It is a form of money that is widely accepted and recognized as a medium of exchange.