fiat currency(redirected from fiduciary issue)
Also found in: Dictionary, Financial.
Related to fiduciary issue: fiat money
fiat currencyLegal money backed by the government that issued it. All currencies issued by countries are fiat, and the value of the currency depends on the strength of the government. The U.S. dollar was backed by gold reserves until 1971, when it became entirely fiat. See cryptocurrency.
Copyright © 1981-2019 by The Computer Language Company Inc. All Rights reserved. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction is strictly prohibited without permission from the publisher.