fiat money

See synonyms for fiat money on
  1. 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

Words Nearby fiat money Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use fiat money in a sentence

British Dictionary definitions for fiat money

fiat money

  1. 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