- fiat currency
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Money that is current (legal tender) for money debts by government fiat.
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fiat currency
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fiat currency — fiat money or fiat currency noun (esp US) Money (paper or coin) made legal tender and assigned a value by government decree, with a commodity value lower than its face value, not convertible into other specie of equivalent value, and generally… … Useful english dictionary
Fiat currency — The terms fiat currency and fiat money relate to types of currency or money whose usefulness results, not from any intrinsic value or guarantee that it can be converted into gold or another currency, but instead from a government s order (fiat)… … Wikipedia
Currency competition — is a monetary system in which private entities print money (usually backed by a valuable, exchangeable commodity such as gold or silver) in order to satisfy the demand for a simple, low cost method of trading goods and services. Competition in… … Wikipedia
Fiat (disambiguation) — Fiat is an Italian automobile manufacturer. * Fiat Aviazione, the former aircraft manufacturing division of Fiat.Other meaningsFiat may also mean: * Fiat currency, money issued by government fiat * Fiat (policy debate), a theoretical construct in … Wikipedia
Fiat money — Yuan dynasty banknotes were the earliest fiat money. Fiat money is money that has value only because of government regulation or law. The term derives from the Latin fiat, meaning let it be done , as such money is established by government decree … Wikipedia
Currency — For other uses, see Currency (disambiguation). Coins and banknotes are the two most common forms of currency. Pictured are several denominations of the euro … Wikipedia
Currency Wars — For a discussion of competitive devaluation, see Currency war. For James G. Rickard s Currency Wars: The Making of the Next Global Crisis, see James G. Rickards. Currency Wars … Wikipedia
Currency of Colombia — Contents 1 Spanish colonial coinage 1.1 1622–1756 Cob coinage (macuquina) 1.2 1756–1822 Milled coinage 1.3 1813–1820 Necessity coinage … Wikipedia
Fiat Money — Currency that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is… … Investment dictionary
Fiat — Fi at, n. [L., let it be done, 3d pers. sing., subj. pres., fr. fieri, used as pass. of facere to make. Cf. {Be}.] 1. An authoritative command or order to do something; an effectual decree. [1913 Webster] His fiat laid the corner stone. Willis.… … The Collaborative International Dictionary of English
