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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

"No. You can use fiat money to do something good or something bad," he says.

From BBC ● Dec. 10, 2025

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

In some quarters, there has been a disposition to reproach him with being an advocate of what since his day has come to be known in the United States as rag or fiat money.

From Benjamin Franklin; Self-Revealed, Volume II (of 2) A Biographical and Critical Study Based Mainly on his own Writings by Wiliam Cabell Bruce

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