Fiat Currency definition

Fiat Currency means certain supported fiat currencies, such as U.S. Dollars.

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Fiat Currency means currency issued by the relevant body in a country or by a government that is designated as legal tender in its country of issuance through amongst other things, government decree, regulation, or law;

Fiat Currency means US Dollar, or any other government-issued currency designated as legal tender in its country of issuance through government decree, regulation, or law.

Examples of Fiat Currency in a sentence

• Fiat Currency stored on Client’s behalf is stored by Custodian in accordance with Section 2.4.

• Client’s rights in the Customer Omnibus Accounts are limited to the specific amount of Fiat Currency Custodian custodies on Client’s behalf, as may be limited under this Agreement and by Applicable Law.

• Custodian will custody Fiat Currency in one or more of the following “Customer Omnibus Accounts”, as determined by Custodian: (i) deposit accounts established by Custodian at a Bank; (ii) money market accounts established by Custodian at a Bank; or (iii) such other accounts as may be agreed between Client and Custodian in writing from time to time.

• Client agrees that the amount of any such interest or earnings attributable to such Fiat Currency in Customer Omnibus Accounts shall be retained by Custodian as additional consideration for its services under this Agreement, and nothing in this Agreement entitles Client to any portion of such interest or earnings.

More Definitions of Fiat Currency

Fiat Currency means a currency issued by a country's government or central bank.

Fiat Currency means government issued currency that is designated as legal tender in its country of issuance through government decree, regulation or law.

Fiat Currency means the official currency of a jurisdiction, issued by a jurisdiction or by a jurisdiction’s designated Central Bank or monetary authority, as represented by physical banknotes or coins or by money in different digital forms, including bank reserves or Central Bank Digital Currencies. The term also includes commercial bank money and electronic money products (including Electronic Money and E- money Token).

Fiat Currency means a medium of exchange or unit of

Fiat Currency means government-issued currency that is designated as legal tender through government decree, regulation, or law, that customarily refers to paper money and coin and is circulated, used, and accepted as money.

Fiat Currency means a banknote or coin that is in circulation as a medium of exchange in Namibia, including a digital currency issued by the Bank;

Fiat Currency means any money that is backed by a central bank, is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange.