What is the meaning of fiat money?

noun

  • Money that the government declares to be legal tender although it cannot be converted into standard specie. .
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). fiat money. Retrieved September 20, 2026, from http://smartdefine.org/fiat_money/definitions/1243077
ChicagoWordNet. 2010. "fiat money" http://smartdefine.org/fiat_money/definitions/1243077 (accessed September 20, 2026).
HarvardWordNet 2010, fiat money, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/fiat_money/definitions/1243077>.
MLAWordNet. "fiat money" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/fiat_money/definitions/1243077>
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