Definitions for fiat money

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Random House Webster's College Dictionary

fi′at mon`ey(n.)

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

    Category: Business, Government

Origin of fiat money:

1870–75

Princeton's WordNet

  1. fiat money(noun)

    money that the government declares to be legal tender although it cannot be converted into standard specie

Wiktionary

  1. fiat money(Noun)

    Money that is given legal value or made legal tender for money debts by government fiat.


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