Fiat money


 

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Fiat money

A money whose usefulness results, not from any intrinsic value or guarentee that it can be converted into gold or another currency, but only from a government's order (fiat) that it must be accepted as a means of payment.

Fiat money

Nonconvertible paper money.



Fiat money

Similar Matches

Base money

Base money

Monetary base.


Seed money

Seed money

The first contribution by a venture capitalist toward the financing of a new business, often using a loan or purchase of convertible bonds or preferred stock. See: Mezzanine level and second round.


Money purchase plan

Money purchase plan

A defined benefit contribution plan in which the participant contributes some part and the firm contributes at the same or a different rate. Also called an individual account plan.


Money income

Money income

Nominal income; contrasts with real income.


Money supply

Money supply

There are several formal definitions, but all include the quantity of currency in circulation plus the amount of demand deposits. The money supply, together with the amount of real economic activity in a country, is an important determinant of its price level and its exchange rate.


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