fiat money

English

Noun

fiat money (countable and uncountable, plural fiat moneys or fiat monies)

  1. (banking, economics) A type of currency that is not backed by a commodity and is typically designated by the issuing government to be legal tender, and authorized by government regulation.
    Synonym: fiat currency

Translations

This article is issued from Wiktionary. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.