FIAT MONEY

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

Money that the government declares to be legal tender although it cannot be converted into standard specie

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("fiat money" is a kind of...):

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)

Credits