Nonconvertible paper money.

Amount of money required to fix your Italian Sports Car

Money that is valueless, or that is backed by nothing, or by such a small amount of any tangible compared to its perceived value that its tangible value is not worth noting

Money that is only money because some government says that it is.

Money that (a) derives its value entirely from the mandate of the government, and (b) cannot be freely traded. Fiat money is not the same thing as floating currency, because if a floating currency is [..]

A money whose usefulness results, not from any intrinsic value or guarantee that it can be converted into gold or another currency, but only from a government's order (fiat) that it must be accep [..]

Money issued by a government that is not convertible into gold or silver and has no intrinsic value. It derives its purchasing power and value from the authority and reputation of the government that issues it. From the word fiat, a command or decree, derived from the Latin for 'let it be done.' Modern day notes and coins are fiat money.

A medium of exchange (money) with value in exchange, but little or no value in use. Modern paper currency, coins, and checkable deposits are fiat money. The value of fiat money comes from the public&# [..]

Definition Money which has no intrinsic value and cannot be redeemed for specie or any commodity, but is made legal tender through government decree. All modern paper currencies are fiat money, as are [..]

Money that has been made up out of nothing. It has no gold backing, or any other reason to be valuable, other than that government officials have declared it so.

Paper money that is created by central bank tenders. It is not backed my gold or silver.

A substance or device used as money, having no intrinsic value (no value of its own), or representational value (not representing anything of value, such as gold).

A type of money which has little or no intrinsic value in itself, but which is decreed to be money by the government and is generally accepted in exchange. Modern paper currencies are all fiat money, [..]

Money that has little or no intrinsic value as a commodity; it is costless to produce, usually taking the form of tokens or pieces of paper, and is not redeemable for any commodity.

The three major conventionally accepted functions of a money are as a means of exchange, unit of account and store of wealth. The most important function ...

Fiat money is an intrinsically useless object that serves as a medium of exchange. One challenge is to construct models that depict the ancient notion ...

Nonconvertible paper money.

Refers to money, like the currency of the present day, without intrinsic value but decreed (by fiat) to be legal tender by the Government. Fiat mo [..]

Money that has little or no intrinsic value as a commodity; it is costless to produce, usually taking the form of tokens or pieces of paper; and is not redeemable for any commodity. Federal Reserve notes are an example of fiat money.

is intrinsically useless; is used only as a medium of exchange.

(economics) Money that is given legal value or made legal tender for money debts by government fiat.

Nonconvertible paper money.