fiat money

noun

1. paper currency made legal tender by a fiat of the government, but not based on or convertible into coin.

fiat money

noun

1. money declared by a government to be legal tender though it is not convertible into standard specie

Word History and Origins

Origin of fiat money¹

An Americanism dating back to 1870–75

Example Sentences

And do not let anybody fool you for a single second by talking about "fiat money" and "inflation of the currency."

From Project Gutenberg

Many remedies have been proposed, and chief among these is the remedy of fiat money.

From Project Gutenberg

We are told by those who believe in fiat money that gold is a measure of value just the same as a half bushel or a yardstick.

From Project Gutenberg

Why allow fiat money to fade out when a simple act of Congress can make it as good as gold?

From Project Gutenberg

Another remedy has been suggested by the same persons who advocate fiat money.

From Project Gutenberg