Non-Fiat Currency definition

Non-Fiat Currency means any currency which is not backed by the promise of the government and is not recognized by the Reserve Bank of India as legal tender.

Related to Non-Fiat Currency

  • 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;

  • First Currency has the meaning specified in Section 1.15.

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Payment Currency has the meaning given in Clause 21.4;

  • Settlement Currency means Pounds sterling ("GBP").

  • Component Currency means any currency which, on the Conversion Date, was a component currency of the relevant currency unit.

  • Primary Currency has the meaning specified in Section 9.11(c).

  • Agreement Currency has the meaning specified in Section 10.19.

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Termination Currency means United States Dollars.

  • Other Currency has the meaning specified in Section 1.15.

  • Denomination Currency has the meaning specified in Section 14(b).

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Specified Currency means the currency specified as such hereon or, if none is specified, the currency in which the Notes are denominated.

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Judgment Currency has the meaning specified in Section 10.19.

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Second Currency has the meaning specified in Section 14.19.

  • Approved Currency means each of Dollars and each Alternative Currency.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Affected Currency has the meaning assigned to such term in Section 2.13.

  • Designated Currency shall have the same meaning assigned to it in Section 3.12.

  • Obligation Currency shall have the meaning assigned to such term in Section 11.18(a).

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • Permitted Currency means (1) the legal tender of any Group of 7 country (or any country that becomes a member of the Group of 7 if such Group of 7 expands its membership) or (2) the legal tender of any country which, as of the date of such change, is a member of the Organization for Economic Cooperation and Development and has a local currency long-term debt rating of either AAA or higher assigned to it by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. or any successor to the rating business thereof, Aaa or higher assigned to it by Moody's Investors Service, Inc. or any successor to the rating business thereof or AAA or higher assigned to it by Fitch Ratings or any successor to the rating business thereof;