Meaning Of The Word Gresham's law
What's the definition of Gresham's law? Find Gresham's law meanings, definitions and more at the Real Dictionary online.
Gresham's law Meaning
| Gresham's law Definition |
|---|
What's The Definition Of Gresham's law?
Gresham's law in American English
the theory that when two or more kinds of money of equal denomination but unequal intrinsic value are in circulation, the one of greater value will tend to be hoarded or exported; popularly, the principle that bad money will drive good money out of circul noun: the tendency of the inferior of two forms of currency to circulate more freely than, or to the exclusion of, the superior, because of the hoarding of the latter Gresham's law in British English noun: the economic hypothesis that bad money drives good money out of circulation; the superior currency will tend to be hoarded and the inferior will thus dominate the circulation |
More Definitions
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Definitions Of The Day
- Shaving stick ‐ noun: a piece of shaving foam moulded into a slender…
- Whin ‐ furze; whinstone; noun; noun: any thorny or prickly…
- Aegisthus ‐ the son of Thyestes and lover of Clytemnestra:…
- Sorrowful ‐ full of sorrow; feeling, causing, or expressing…
- Wood ear ‐ tree ear; noun; noun: an edible basidiomycetous…
- Bats-wing coral-tree ‐ noun: a small tree, Erythrina verspertilio, of…
- Carolina ‐ city in NE Puerto Rico, near San Juan: pop. 186,000…
- Poultry farm ‐ noun: a farm on which domestic fowls, esp chickens…
- Allenby ‐ ˈEdmund Henry Hynman (ˈhɪnmən ) 1st Viscount…
- Barry ‐ a masculine name; noun: a male given name: from…