n. the tendency for money of lower intrinsic value to circulate more freely than money of higher intrinsic and equal nominal value. [Sir T. Gresham, Engl. financier d. 1579]
GRESHAM'S LAW
Meaning of GRESHAM'S LAW in English
English main colloquial, spoken dictionary. Английский основной разговорный словарь. 2012