Search Results for: soft currency

soft currency

Currency not backed by reserves and therefore subject to sharp fluctuations in value.

currency. An item (such as a coin, government note, or banknote) that circulates as a medium of exchange. See LEGAL TENDER. [Cases: United States 34. C.J.S. United States §§ 162–163.] blocked currency. Currency or bank deposits that, by government restriction, may be used only within the country where they are located. fractional currency. Paper money

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