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fiat currency paper currency that is dependent for its value on a government fiat or decree, and cannot be exchanged for gold or silver.
fiat money paper currency that is dependent for its value on a government fiat or decree, and cannot be exchanged for gold or silver.
fiduciary of, pertaining to, or consisting of money that is not convertible into coin or specie but derives its value from public confidence or government decree; of or concerning fiat money. [1/3 definitions]