Fiat money is currency which derives its value from government regulation or law. The term derives from the Latin fiat ("let it be done", "it shall be"). It differs ...
Currency that a government has declared to be legal tender, but is not backed by a physical commodity. The value of fiat money is derived from the relationship ...
Definition of fiat money: Money which has no intrinsic value and cannot be redeemed for specie or any commodity, but is made legal tender through...
The global monetary system is what’s called a Fiat system in which money is a storage medium for purchasing power and a substitute for barter.
Fiat money defined and explained. Get insightful analysis and predictions on fiat currency in 2015 at Profit Confidential
OVERVIEW In a fiat money system, money is not backed by a physical commodity (i.e.: gold). Instead, the only thing that gives the money value is its relative scarcity ...
WHAT IS FIAT CURRENCY? WHAT IS MONEY? PART 2 . By Marilyn MacGruder Barnewall – Global Financial Affairs Editor [NOTE: For those who will react to this article by ...
Definition of FIAT MONEY: money (as paper currency) not convertible into coin or specie of equivalent value . Ask The Editor Videos . Lay vs. Lie
Fiat currency has a long history of failure, from the Roman denarius to various examples of Chinese fiat currency to the US dollar. All will eventually fail
noun 1. paper currency made legal tender by a fiat of the government, but not based on or convertible into coin.