Hard To Borrow List

A hard‑to‑borrow (H2B) list is a brokerage’s inventory of equity securities that are difficult to locate and borrow for short‑sale transactions. When a stock…

Hard Stop

A hard stop is a pre‑defined exit rule for an open position: a specific price level that, if reached, automatically triggers an order to…

Hardship Withdrawal

What is a hardship withdrawal? – A hardship withdrawal is an early distribution from a tax-advantaged retirement account (for example, an IRA or an…

Hardship Exemption

Summary The hardship exemption was a limited exemption from the Affordable Care Act’s (ACA) individual mandate penalty (the “shared responsibility payment”) for people who…

Hard Money

Hard money originally referred to money with intrinsic physical value — metallic coins made from precious metals such as gold or silver. The phrase…

Hard Loan

A hard loan is a cross-border loan denominated and repayable in a “hard” currency — a currency that is widely accepted, highly liquid, and…

Hard Landing

• A hard landing is a rapid and sharp slowdown in economic growth—often triggered when policymakers or markets abruptly remove support after an extended…

Hardening

Hardening refers to two related but distinct phenomena in financial markets • In trading (most commonly commodities futures), a market is said to be…

Hard Dollars

Hard dollars are direct, cash payments made by an investor, client, or advisory relationship to a brokerage firm or service provider in exchange for…

Hard Currency

Hard currency is money issued by a country with a stable political system, predictable macroeconomic policy, and deep, liquid markets for its money. Hard…