Fiat Currency/Fiat Money
Definition of what Fiat Currency/Fiat Money stands for (in finance):
A government-issued currency that is not backed by a physical commodity but relies on trust in the issuing authority.
More Term Definitions
- Algorithmic Banking/Algo Banking Definition
- Anti-Money Laundering (AML)
- Augmented Reality (AR)
- Central Banks Digital Currency (CBDC) Definition
- Cosmos Definition
