Definition of fiat money in English:

fiat money

Syllabification: fi·at mon·ey

noun

Inconvertible paper money made legal tender by a government decree.
More 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:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day flagitious
Pronunciation: fləˈjiSHəs
adjective
(of a person or their actions) criminal; villainous