follow Dictionary.com

What is the X in X-mas?

fiat money

noun
1.
paper currency made legal tender by a fiat of the government, but not based on or convertible into coin.
Origin
1870-1875
1870-75, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source
British Dictionary definitions for fiat-money

fiat money

noun
1.
(mainly US) money declared by a government to be legal tender though it is not convertible into standard specie
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cite This Source

Word of the Day

Difficulty index for fiat money

Few English speakers likely know this word

Word Value for fiat

7
7
Scrabble Words With Friends

Quotes with fiat-money

Nearby words for fiat-money