fiat money

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fiat money

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

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

fiat money

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

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

fi′at mon`ey

paper currency made legal tender by a fiat of the government, but not based on or convertible into coin.

[1870–75]

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Noun

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

Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007

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