fiat money


noun

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

Origin of fiat money

An Americanism dating back to 1870–75
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Related Words for fiat money

cash, note

Examples from the Web for fiat money

Historical Examples of fiat money


British Dictionary definitions for fiat money

fiat money

noun

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