fiat money
English
Noun
fiat money (countable and uncountable, plural fiat moneys or fiat monies)
- (economics) Money that is not backed by any commodity, but has value because people agree on its value, and often is established as legal tender by government fiat.
Synonyms
Translations
money that is given a legal value
|
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.