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fiat money

noun

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

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Origin:
1870–75, Americanism

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Based on the Random House Dictionary, © Random House, Inc. 2012.
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Fiat money is always a great word to know.

So is zedonk. Does it mean:

the offspring of a zebra and a donkey.

a scrap or morsel of food left at a meal.

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Collins

World English Dictionary

fiat money

—n
	chiefly (US) money declared by a government to be legal tender though it is not convertible into standard specie

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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