Hard Loan(redirected from Hard Loans)
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved