Definition of fiat money in English:
Inconvertible paper money made legal tender by a government decree.
- On the other hand, they were resolutely opposed to government-issued paper money, fiat money, legal tender laws, inconvertible paper currency, and land banks.
- Then, add fiat money and foreign exchange controls to the mix and it's no wonder investors and the press get so mixed up.
- Among the most gruesome consequences of fiat money, and of paper money in particular, is its ability to extend the length of wars.
Definition of fiat money in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Australia
Most popular in India
Most popular in Pakistan