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What does fiat money mean?

Looking for the meaning or definition of the word fiat money? Here's what it means.

Noun
  1. (economics) Money that is given legal value or made legal tender for money debts by government fiat.
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Our 58-year transfer to fiat money was clearly not authorized by the Constitution.
It also illustrates the broader collapse of trust that is threatening the world of global banking and fiat money.
Bitcoin-boosters like to point out that, unlike fiat money, new Bitcoins cannot be created at whim.
A monetary regime of uncontrolled fiat money and Credit requires strict central bank regulation of lending and speculative excess.
In a world of fiat money and a growing mountain of marketable securities, credit is virtually money, and certainly money is little more than credit.
Then, add fiat money and foreign exchange controls to the mix and it's no wonder investors and the press get so mixed up.

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