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Synonyms

fiat money

American  

noun

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


fiat money British  

noun

  1. money declared by a government to be legal tender though it is not convertible into standard specie

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of fiat money

An Americanism dating back to 1870–75

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

In a fiat money economy, the mere fact of making a loan creates the money needed.

From Barron's Jun. 12, 2026

Maybe they believe they're skeptical about fiat money and the Federal Reserve, so they've gone all in on crypto and could wind up in a bad place there.

From Salon Jul. 11, 2023

The pound volumes echoed similar instances of investors jumping into bitcoin when fiat money came under pressure, including in Russia and Ukraine this year.

From Reuters Oct. 25, 2022

Although cryptocurrencies like Bitcoin often appear similar to the fiat money we’re accustomed to, in the eyes of the IRS, the digital assets are actually property, according to this FAQ from the federal agency.

From The Verge Jan. 24, 2022

The greenback movement of Ohio and the eastern part of the Middle West grew into the fiat money, free silver, and land bank propositions of the Populists across the Mississippi.

From The Frontier in American History by Frederick Jackson Turner

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