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
- ZCash Definition
- European Central Bank (ECB) Definition
- Instant Payment Definition
- Graphical User Interface (GUI) Definition
- Bank Code (BLZ) Definition
