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What is the difference between hard money and soft money quizlet?
soft money: campaign money raised apart from federal regulation and can be given directly to one candidate. hard money: campaign money raised for a specific candidate in federal elections and spent according to federal laws and restrictions. to vote for all candidates in one party.
What’s an example of hard money?
“Hard money” donations to candidates for political office (tightly regulated, as opposed to unregulated “soft money”) Hard money loans, an asset-based loan financing secured by the value of a parcel of real estate.
What does the word soft money mean?
chiefly US. : money that is given to a political party rather than to a particular candidate.
What banned soft money?
Impact. The BCRA decreased the role of soft money in political campaigns as the law places limits on the contributions by interest groups and national political parties.
What is hard money in government quizlet?
hard money. Political contributions given to a party, candidate, or interest group that are limited in amount and fully disclosed. Raising such limited funds is harder than raising unlimited funds, hence the term “hard” money.
What does hard money refer to?
Key Takeaways. Hard money refers to a currency that is made up of or directly backed by a valuable commodity such as gold or silver. This type of money is thought to maintain a stable value relative to goods and services and a strong exchange rate with softer monies.
What is soft money hard money?
Soft money (sometimes called non-federal money) means contributions made outside the limits and prohibitions of federal law. On the other hand, hard money means the contributions that are subject to FECA; that is, limited individual and PAC contributions only.
Why is it called hard money?
Overview of Hard Money Hard money loans are essentially a type of asset-based financing in which the borrower acquires funds that are secured by real property. It’s called a “hard money” loan because it’s harder to acquire and pay back than its soft money counterpart.
How is soft money obtained?
Money raised and spent outside the limitations and prohibitions of the federal election law is commonly called “soft money.” It often consists of large donations from individuals, corporations and labor unions.
Is soft money illegal?
Soft money (sometimes called non-federal money) means contributions made outside the limits and prohibitions of federal law. The unregulated soft money contributions can be used for overhead expenses of party organizations and shared expenses that benefit both federal and non-federal elections.
Which of the following is the best definition of hard money?
Hard money would refer to money that’s contributed directly to a chosen candidate. On the other hand, soft money would refer to indirect contributions to specific political action committees and political parties.
What is soft money in real estate?
A soft money loan is defined as a long-term (5/1 ARM, 7/1 ARM, 30 year fixed) real estate investment loan program that closes faster (2-3 weeks) than a conventional loan. This type of loan program requires more underwriting than a hard money loan, allowing it to have lower rates and greater security.
What is an example of soft money?
Inherently, soft currencies are more volatile because of the nature of what drives the movements as well the lack of liquidity. Also, soft currencies are unlikely to be held by central banks as foreign reserves, unlike U.S. dollar, euros and the Japanese yen. The Zimbabwe dollar and the Venezuelan bolivar are two examples of soft currencies.
What is hard and soft money?
Hard money is the loan used for specific needs and with criteria for paying it back.
What is hard money in politics?
Hard money is also a term used in politics and lending. In politics, the term hard money means money donated directly to a politician or a political action committee. In lending, a hard money loan is one which is backed by the value of a physical asset, such as a car or home.
What is soft money loan?
By definition, a soft money loan is a more traditional loan with a below-market interest rate. This type of loan has longer repayment periods and interest holidays.