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Definition of Fiat money
1. Noun. Money that the government declares to be legal tender although it cannot be converted into standard specie.
Definition of Fiat money
1. Noun. (economics) Money that is given legal value or made legal tender for money debts by government fiat. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Fiat Money
Literary usage of Fiat money
Below you will find example usage of this term as found in modern and/or classical literature:
1. Money and Currency in Relation to Industry, Prices and the Rate of Interest by Joseph French Johnson (1905)
"CHAPTER XIII fiat money: ILLUSTRATED BY THE GREENBACK 177. Supply of fiat money
regulated artificially. 178. Erroneous view that money must derive its value ..."
2. Principles of Economics by Frank William Taussig (1915)
"Inconvertible paper has been called fiat money, because its use as money and its
value depend on the mere command of the political authority. ..."
3. Outlines of Economics by Richard Theodore Ely, Thomas Sewall Adams, Max Otto Lorenz, Allyn Abbott Young (1908)
"fiat money. — After 1873 the advocates of cheap money were not content with merely
opposing any reduction in the quantity of the greenbacks. ..."
4. The Thirty Years' War on Silver: Money Scientifically Treated and Logically by Adolphus Leigh Fitzgerald (1903)
"Think of the ridicule that has been cast upon Silver Lunatics for their " fiat "
money, as if there could be any money but fiat money! ..."
5. Who's who in America by Marquis Who's Who, Inc (1901)
"Author: "Republican Reference Book, 1891;" "Necessary Monetary Reforms;" "American
Currency." Also wrote "Tariff Reductions and fiat money," Gun- ton's Mag. ..."
6. Speeches, Correspondence and Political Papers of Carl Schurz by Carl Schurz (1913)
"Thus the scheme of so-called fiat money was brought forward, and many well ...
What is absolute or fiat money? It is the simplest contrivance in the world. ..."
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