fiat money

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 intrinsically worthless then its lack of worth will be reflected in the forex markets. Fiat money, on the other hand, does not require a disciplined monetary of fiscal policy on the part of the issuing authorities; exchange rates are fixed by decree, which means the state also controls supplies of hard (foreign) currency.

Examples of fiat money include the French revolutionary assignat and the Soviet-era ruble.

fiat money by abu yahya September 28, 2008

Get merch

Get the fiat money mug.

See more merch

fiat money

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

There's no gold or silver backing greenbacks.

fiat money by octopod January 16, 2004

Get merch

Related Words

fiat money • fiat • fiat 500 twitter • Fiat 500 • Fiat Punto • fiat uno • fiat 126 • Fiat energy • fiat lux • fiat 500 cunt

fiat money

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

$USD currency is fiat money.

fiat money by Jon Davis January 14, 2004

Get merch

fiat money

Amount of money required to fix your Italian Sports Car

My Ferrari tune-up costs Fiat Money to service.

The Alpha Romeo electical system shorted again. It's going to take Fiat Money to repair

fiat money by ian January 16, 2004

Get merch

Hate Sink

A person you hate intensely not because they deserve such hatred but because they serve as a focus for your general hatred. A healthy way to dispense with excess animosity.

Jake's not really that big an asshole. He just serves as my hate sink.

Hate Sink by The great prophet Zarquon August 7, 2016

Word of the Day on July 26, 2026

Get merch

funiosity

The art of being peculiar, but in an amusing fashion.

"Wow, look at that dog running on three legs"
- "Yeah, that sure is a funiosity"

funiosity by Supersonic Stevie November 23, 2007

Word of the Day on July 25, 2026

Get merch

Toe Rag

A toe rag was originally a foot wrapping used, since mediaeval times up until the mid-nineteenth century, to protect the foot from chafing by boots or shoes. As these were, quite literally, rags they weren’t usually washed, and so with use they became very smelly until they were thrown away. Because of the similarity in smell, toe rag also became the name applied to dried, salted cod or other things with a strong, unpleasant, fishy smell. It didn’t take that long before the name was applied to someone who was an obnoxious, unpleasant OIC.

1 “Socks! Those aren’t socks you smelly git, they’re toe rags!”
2 “What have you been cooking? Smells like toe rag!”
3 “I can smell ‘er fanny from ‘ere, proper toe rag.”
4 That Heale Malcolm is a right toe rag.

Toe Rag by AKACroatalin November 29, 2016

Word of the Day on July 24, 2026

Get merch