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fiat money

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
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
(Economics, Accounting & Finance / Banking & Finance) Chiefly US money declared by a government to be legal tender though it is not convertible into standard specie
ThesaurusLegend:  Synonyms Related Words Antonyms
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
n → Papiergeld nt → ohne Deckung
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For one thing they could buy up gold reserves cheaply using their fiat money.
Shorting the US Dollar by Aurelia Masterson / Politics community
And without that, our economy, which is addicted to growing by illusionary fiat money magic, rather than by saving, will have a hard time growing any time soon.
Economy headed for double-dip recession by Jay Taylor, goldinvestor.com / Stockhouse
There will thus be penalties for countries that dilute their fiat money too much which is all of them.
Going Off the US Dollar by Aurelia Masterson / Banking, finance and accounting community
 
 
 
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