fiat money
Appearance
English
[edit]Noun
[edit]fiat money (countable and uncountable, plural fiat moneys or fiat monies)
- (banking, economics) A type of currency that is not backed by a commodity and is typically designated by the issuing government to be legal tender, and authorized by government regulation.
- Synonym: fiat currency
Translations
[edit]money that is given a legal value
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