Definition of Gresham's law

1. Noun. (economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoarded and the money of lower intrinsic value will circulate more freely until the intrinsically more valuable money is driven out of circulation; bad money drives out good; credited to Sir Thomas Gresham.

Generic synonyms: Principle, Rule
Category relationships: Economic Science, Economics, Political Economy

Lexicographical Neighbors of Gresham's Law

grenadier
grenadiers
grenadillo
grenadine
grenadines
grenned
grenning
Grenoble
grens
grenz ray
grenz zone
gres-gris
grese
greses
Gresham
Gresham's Law
gressing
gressings
gression
gressorious
Greta Garbo
Greta Louisa Gustafsson
Gretzky
greve
greves
grevillea
Grevillea banksii
Grevillea robusta
Grevillea striata
Grevillela parallela

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