money circulation law
21Fiat money — Yuan dynasty banknotes were the earliest fiat money. Fiat money is money that has value only because of government regulation or law. The term derives from the Latin fiat, meaning let it be done , as such money is established by government decree …
22Gresham's Law — A monetary principle stating that bad money drives out good. In currency valuation, Gresham s Law states that if a new coin ( bad money ) is assigned the same face value as an older coin containing a higher amount of precious metal ( good money ) …
23Gresham's law — [gresh′əmz] n. [after Sir Thomas Gresham (1519 79), Eng financier, formerly thought to have formulated it] the theory that when two or more kinds of money of equal denomination but unequal intrinsic value are in circulation, the one of greater… …
24Collateral circulation — Collateral Col*lat er*al, a. [LL. collateralis; col + lateralis lateral. See {Lateral}.] 1. Coming from, being on, or directed toward, the side; as, collateral pressure. Collateral light. Shak. [1913 Webster] 2. Acting in an indirect way. [1913… …
25Copyright law of the Soviet Union — Copyright in Russia • Copyright law of the Soviet Union • Copyright law of the Russian Federation • International copyright relations of Russia The Copyright law of the Soviet …
26Classical Hindu law in practice — originates from community, not a state polity. In this way, particular groups of society began to gain influence in the creation and administration of law. Primary corporate groups, Kingships, and Brahmins were the factions, which conveyed Hindu… …
27Monopoly money — A Victorian gold sovereign, a modern £1 coin, and a vintage Monopoly money note, for comparison Monopoly money is a type of play money used in the board game Monopoly. It is different from American currency in that it is smaller, one sided, and… …
28Okun's law — Graph of US quarterly data (not annualized) from 1947 through 2002 estimates a form of the difference version of Okun s law: %Change GNP = .856 1.827*(Change Unemployment Rate). R^2 of .504. Differences from other results are partly due to… …
29Gresham’s Law — / greʃəmz lɔ:/ noun the law that ‘bad money will drive out good’: where two forms of money with the same denomination exist in the same market, the form with the higher metal value will be driven out of circulation because people hoard it and use …
30Gresham's law — n. (Economics) principle stating that bad money drives good money out of circulation because a currency of lower inherent value will be used money one of higher inherent value will be stockpiled (named after Thomas Gresham) …
