The meaning of FIAT MONEY is money (such as paper currency) not convertible into coin or specie of equivalent value.
Define fiat money. fiat money synonyms, fiat money pronunciation, fiat money translation, English dictionary definition of fiat money. n. Legal tender, especially paper currency, authorized by a government but not based on or convertible into gold or sil
Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a). Secured Money means all money which any Obligor owes to the Lender whether under this Agreement or any other arrangement (including amounts that may be advanced after the date of this Agreement); Retention Money means ...
Fiat MoneyorFiat Currencyis any money that the government declares as legal tender. Also, this type of money is not backed by a physical commodity such as gold or silver. In other words, fiat money hasno intrinsic value.Market forcesdetermine the value of fiat money. In economics, the term...
Fiat Money Paper money that is nonconvertible. FacebookTwitterRedditLinkedIn分享 Recommended for you: Gold or Bitcoin: Which one is the libertarian choice against fiat money Kim Dotcom’s NZ Internet Party wants fiat-backed digital currency Money Market Money Market FundHome...
This definition explains what a fiat currency (fiat money) is and how it is not based on any tangible type of asset. We also list examples of fiat currency and discuss issues related to its somewhat arbitrary valuation.
Definition & more 30.05.22 (updated more than 1 year ago) Read time 4 minutes Fiat money is currency that holds no intrinsic value, as it’s not backed by anything physical like silver or gold — but has value from the backing of the government that issued it. ...
Learn about the fiat money definition and history of fiat currency. Understand what gives fiat money value, examples, and its advantages and...
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The term "fiat" is a Latin word that's often translated as "it shall be" or "let it be done." Fiat currencies only have value because the government maintains that value. There's no utility to fiat money in itself. Governments would mint coins out of a valuable physical commodity such...