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The Adobe Flash Player is required in order to view this content. You can get it here: Gresham's lawOne entry found. Main Entry: Gresh·am's law Pronunciation: \ˈgre-shəmz-\ Function: noun Etymology: Sir Thomas Gresham Date: 1858 : an observation in economics: when two coins are equal in debt-paying value but unequal in intrinsic value, the one having the lesser intrinsic value tends to remain in circulation and the other to be hoarded or exported as bullion; broadly : any process by which inferior products or practices drive out superior ones 
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