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 Definitions of gresham's law  [ˈgrɛʃ əm]  

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Definition of 'gresham's law' Random House Webster's College Dictionary 

1. (n.) Gresham's law
the tendency of an inferior currency to drive a superior currency out of circulation because of the hoarding of the latter.

Etymology:  (1855–60; after Sir T. Gresham)

Definition of 'gresham's law' Princeton's WordNet 

1. (noun) Gresham's Law
(economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoarded and the money of lower intrinsic value will circulate more freely until the intrinsically more valuable money is driven out of circulation; bad money drives out good; credited to Sir Thomas Gresham

'gresham's law' - Nearby Entries  

grenoble  gres-gris  gresham  gresham's law  greta garbo  greta louisa gustafsson  gretzky  



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