fiat money
noun
paper currency made legal tender by a fiat of the government, but not based on or convertible into coin.
Nearby words
fianna fáil, fiasco, fiat, fiat justitia, ruat caelum, fiat lux, fiat money, fib, fiber, fiber bundle, fiber optics, fiber pen
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
Examples from the Web for fiat money
It was also, and very logically, the beginning of the fiat-money party.
Readings in Money and Banking|Chester Arthur Phillips
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
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