Hard money and Waybill: Difference between pages

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imported>Doug Williamson
(Create page. Sources: linked pages & Investopedia https://www.investopedia.com/terms/h/hard_money_loan.asp)
 
imported>Doug Williamson
(Create the page. Source: ACT syllabus.)
 
Line 1: Line 1:
1.  ''Currencies - gold standard - fiat currencies.''
Waybills are transport documents used in international trade that evidence shipment, but are not documents of title to the underlying goods.
 
In relation to currencies, Hard money meant that the currency was based on a fixed amount of a valuable physical asset, for example gold or silver.
 
Gold was the most commonly referenced asset latterly, known as the Gold standard.
 
Most countries abandoned the gold standard for their currencies during the 20th century.
 
Fiat currencies are the - almost universal - alternative to hard money.
 
 
2.  ''Funding - reliability or directness.''
 
Sources of funding that are either:
 
*Considered more reliable;
*More strongly linked with a particular purpose; or
*Both.
 
 
3.  ''Lending and borrowing - collateral.''
 
Hard money loans are ones secured against a physical asset, often a residential property.
 
 
== See also ==
* [[Bretton Woods]]
* [[Fiat currency]]
* [[Foreign exchange]]
* [[Funding]]
* [[Gold standard]]
* [[Hard currency]]
* [[Monetary policy]]
* [[Money]]
* [[Pound]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Intercompany_funding]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Trade_finance]]

Revision as of 12:21, 10 February 2015

Waybills are transport documents used in international trade that evidence shipment, but are not documents of title to the underlying goods.