fiat money

(redirected from Fiat currency)
Also found in: Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.
Related to Fiat currency: Bitcoin

fiat money

n.
Legal tender, especially paper currency, authorized by a government but not based on or convertible into gold or silver.

fiat money

n
(Banking & Finance) chiefly US money declared by a government to be legal tender though it is not convertible into standard specie

fi′at mon`ey


n.
paper currency made legal tender by a fiat of the government, but not based on or convertible into coin.
[1870–75]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.fiat money - money that the government declares to be legal tender although it cannot be converted into standard specie
folding money, paper currency, paper money - currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for specie
Translations

fiat money

nPapiergeld ntohne Deckung
References in periodicals archive ?
Users are firstly able to store GENE tokens - secondly store other Cryptocurrency as well as Fiat currency and to use the wallet to pay for services across the PARKGENE and the automotive industry ecosystem as well as spending their cryptocurrency for traditional payments of any kind.
com is proud to facilitate fiat currency payments of digital currencies for the general public through Visa and MasterCard transactions.
The lack of regulation and resultant inability to "cash-out" on any meaningful scale into fiat currency limits cryptocurrency utilisation to the "pump-and-dump" price arbitraging jaunts in a virtual world.
It's also possible we're in a bubble created by various governments' "easy money" policies of increasing their fiat currency supplies.
63 and has a market capitalization (the amount of fiat currency invested in it) of more than $335 million.
2 percent of the total trading volume of Bitcoin against fiat currency.
Fiat currencies are also protected from value debasement by central banks committed to price stability; and if a fiat currency loses credibility, as in some weak monetary systems with high inflation, it will be swapped out for more stable foreign fiat currencies or real assets.
Fiat currencies are also protected from value debasement by central banks committed to price stability and if a fiat currency loses credibility, as in some weak monetary systems with high inflation, it will be swapped out for more stable foreign fiat currencies or real assets.
With the new process, Falcon Private Bank's existing and new private banking clients can place their wealth originating from crypto assets and have it converted immediately into fiat currency with Falcon.
In an ICO campaign, a percentage of the total available virtual currency is sold to interested buyers in exchange for fiat currency, another virtual currency, or another asset or security.
The Kenyan shilling or the US dollar is known as a fiat currency.
In five years, if you try to use fiat currency, they will laugh at you," says major Silicon Valley investor Tim Draper.