Hard Skills

What it is:

Hard skills are quantifiable capabilities required for specific occupations. They are the opposite of soft skills.

How it works/Example:

Careers require practitioners to have certain practical and personal abilities. Hard skills are the practical abilities learned through education and training. For example, the hard skills that an accountant would need include arithmetic, familiarity with generally accepted accounting principles (GAAP), and financial statement preparation.

Why it Matters:

An individual seeking work typically lists his or her hard skills as part of a resume. It is important to know the difference between hard skills and soft skills, which are innate social skills related to one's personality.

Best execution refers to the imperative that a broker, market maker, or other agent acting on behalf of an investor is obligated to execute the investor's order in a way that is most advantageous to the investor rather than the agent.