fiat money(redirected from Fiat Currencies)
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Legal tender, especially paper currency, authorized by a government but not based on or convertible into gold or silver.
(Banking & Finance) chiefly US money declared by a government to be legal tender though it is not convertible into standard specie
paper currency made legal tender by a fiat of the government, but not based on or convertible into coin.
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|Noun||1.||fiat money - money that the government declares to be legal tender although it cannot be converted into standard specie|