Definition of Gresham's law
: 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
Origin of gresham's law
Sir Thomas Gresham
First Known Use: 1858
Rhymes with gresham's law
Arkansas, blue-sky law, canon law, Chickasaw, civil law, clapperclaw, common-law, crosscut saw, decree-law, devil's claw, foofaraw, higher law, homestead law, in the raw, keyhole saw, Kiowa, lantern jaw, lemon law, lumpy jaw, Mackinac, mackinaw, Morgenthau, Murphy's Law, overawe, overdraw, panama, private law, public law, roman law, saber saw, Saginaw, Salic law, son-in-law, tragic flaw, usquebaugh, Wichita, williwaw, windlestraw, Yakima
Learn More about gresham's law
Britannica.com: Encyclopedia article about "Gresham's law"
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