fiat money(redirected from Fiat currency)
Also found in: Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.
Related to Fiat currency: Bitcoin
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.
Switch to new thesaurus
|Noun||1.||fiat money - money that the government declares to be legal tender although it cannot be converted into standard specie|