Synonyms/Hypernyms (Ordered by Estimated Frequency) of noun gresham's_law

1 sense of gresham's law

Sense 1
Gresham's Law -- ((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)
       => principle, rule -- (a rule or law concerning a natural phenomenon or the function of a complex system; "the principle of the conservation of mass"; "the principle of jet propulsion"; "the right-hand rule for inductive fields")