hard money

English

Noun

hard money (usually uncountable, plural hard moneys)

  1. (economics) Money backed by specie and easily convertible into foreign currencies.
  2. (US, politics) Money contributed directly to a candidate rather than to a party or committee.
  3. Academic funds received from a government or other entity at regular intervals, as opposed to those requiring the submission of research grant proposals etc.

See also
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