Hard Dollars

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Hard dollars

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

Hard Dollars

Fees paid in cash to a brokerage for services. For example, an investor may pay hard dollars for research or investment advice from the brokerage. Hard dollar payments are made in cash rather than deducted from the value of a security transaction. See also: Soft dollars.

hard dollars

Cash payment to a brokerage firm for goods or services provided by the firm. Thus, individual investors are usually required to pay cash for a market letter. Compare soft dollars.

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