NOUN | possession | fiat money | money that the government declares to be legal tender although it cannot be converted into standard / standard specie |
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Meaning | money that the government declares to be legal tender although it cannot be converted into standard / standard specie. | |
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Broader | paper money, folding money, paper currency | currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for specie |
Spanish | circulación fiduciaria, papel moneda | |
Catalan | valor fiduciari |
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