fiat money
Americannoun
noun
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.
Other pages on his site appear to criticise "fiat money" - commonly used currencies as opposed to gold and digital tokens like Bitcoin - and usury, the charging of interest on loans.
From BBC • Nov. 28, 2023
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 new notes were therefore for the time being an inconvertible paper currency, and, since they were made legal tender, were really a form of fiat money.
From Encyclopaedia Britannica, 11th Edition, Volume 12, Slice 5 "Greek Law" to "Ground-Squirrel" by Various
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
