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fiat money

Syllabification: fi·at mon·ey

Definition of fiat money in English:

noun

Inconvertible paper money made legal tender by a government decree.
Example sentences
  • 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:

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