GRESHAM'S LAW


Meaning of GRESHAM'S LAW in English

Econ.

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.

[ 1855-60; named after Sir T. GRESHAM ]

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .