paper currency made legal tender by a fiat of the government, but not based on or convertible into coin.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use fiat money in a sentence
And do not let anybody fool you for a single second by talking about "fiat money" and "inflation of the currency."The Book of Life: Vol. I Mind and Body; Vol. II Love and Society | Upton Sinclair
Many remedies have been proposed, and chief among these is the remedy of fiat money.
We are told by those who believe in fiat money that gold is a measure of value just the same as a half bushel or a yardstick.
Why allow fiat money to fade out when a simple act of Congress can make it as good as gold?
Another remedy has been suggested by the same persons who advocate fiat money.
British Dictionary definitions for fiat money
mainly US 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