| / English Dictionary |
FIAT MONEY
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
Money that the government declares to be legal tender although it cannot be converted into standard specie
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("fiat money" is a kind of...):
folding money; paper currency; paper money (currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for specie)
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