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Fiat Money
(redirected from Fiat currency)

    Also found in: Encyclopedia, Wikipedia 0.04 sec.
Fiat Money
Money that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves.

Notes:
Most of the world's paper money is fiat money.

Fiat money
Nonconvertible paper moneyy.
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In order to fund those grandiose designs, Washington is not content to plunder the existing wealth of its living subjects, but is also making debtors of generations yet unborn through the deficit spending made possible through the Federal Reserve's fiat currency system.
The economics of empire: two books examine how U.S. foreign policy ... by Grigg, William Norman / The New American
Unlike other countries that are constricted by issues such as balance of payments and debt, the United States developed a system whereby it issues a fiat currency that the rest of the world must use.
Full spectrum dominance by Bevan, Brock L. / Arab Studies Quarterly (ASQ)
com, allows consumers to conduct limitless transactions over the Web using gold - a time-honored asset - instead of fiat currency.
Kitco and GoldMoney Establish Arrangement for Online Gold ... by Business Wire
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