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Hard Loan |
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Hard Loan A loan made in a foreign currency that is stronger than the domestic currency. For example, a Turkish company may loan money to a Syrian company in euros because the euro is a stronger currency than either the Turkish lira or the Syrian pound. A hard loan carries foreign-exchange risk, but this is considered an acceptable risk compared to making the loan in a weak currency. See also: Hard currency. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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