from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. Legal tender, especially paper currency, authorized by a government but not based on or convertible into gold or silver.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. Money that is given legal value or made legal tender for money debts by government fiat.

from the GNU version of the Collaborative International Dictionary of English

  • n. irredeemable paper currency, not resting on a specie basis, but deriving its purchasing power from the declaratory fiat of the government issuing it.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. money that the government declares to be legal tender although it cannot be converted into standard specie


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