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Hard Loan |
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Hard Loan A foreign loan that must be paid in the currency of a nation that has stability and a reputation abroad for economic strength (a hard currency). Notes: For example, a loan agreement between a Brazilian company and an Argentinean company where the debt is to be paid in U.S. dollars.See also: Hard Currency |
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Many of these properties eventually find a prime lender to replace the hard loan at more competitive rates, but without the risk-tolerant lenders, the property never would have had a chance. |
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