fiat money (Q240532)

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currency established as money by government regulation or law
  • fiat currency
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Language Label Description Also known as
English
fiat money
currency established as money by government regulation or law
  • fiat currency

Statements

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fiat money
Paper money made legal tender by government decree but that is not based on nor convertible into coin. (English)
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fiat money
in a broad sense, all kinds of money that are made legal tender by a government decree or fiat. The term is, however, usually reserved for legal-tender paper money or coins that have face values far exceeding their commodity values and are not redeemable in gold or silver. (English)
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