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Actual separate payments made by a customer for services, including research, provided by a brokerage firm. Antithesis of soft dollars.
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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.