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Fiduciary Money
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| - | [[Money|Money]] held in trust and invested on behalf of a beneficiary. A fiduciary is one who holds [[Assets|assets]] for a beneficiary, such as an executor of a will. | + | [[Money|Money]] that depends for its value on confidence that it is an accepted medium of exchange. It originated as a paper certificate that was a promise to pay a certain amount of gold or silver to the bearer. From the Latin fiducia meaning confidence or trust. |
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| | + | See also: [[Fiat Money]] |
Current revision
Money that depends for its value on confidence that it is an accepted medium of exchange. It originated as a paper certificate that was a promise to pay a certain amount of gold or silver to the bearer. From the Latin fiducia meaning confidence or trust.
See also: Fiat Money