Fureai Kippu

AAA

DEFINITION of 'Fureai Kippu'

A complementary currency system for providing elder care in Japan. The system of fureai kippu, or "caring relationship tickets," allows individuals to earn credits by caring for a local elderly or handicapped person. They can redeem those credits toward care for a non-local elderly person, such as a parent who lives far away or themselves if they get sick. The tickets can also be saved and redeemed in the future.

INVESTOPEDIA EXPLAINS 'Fureai Kippu'

Fureai kippu are an example of a time-dollar system. Such systems solve social problems outside of the traditional economy and can be especially helpful to people who don't have much money and/or can't participate in the traditional workforce. Also, in countries where the government provides significant levels of social services through its authority to tax, time dollar systems can theoretically reduce the tax burden.

RELATED TERMS
  1. Fiat Money

    Currency that a government has declared to be legal tender, but ...
  2. Silver Certificate

    Former legal tender (paper currency) issued by the U.S. government ...
  3. Currency

    A generally accepted form of money, including coins and paper ...
  4. Monetary Policy

    The actions of a central bank, currency board or other regulatory ...
  5. Reserve Currency

    A foreign currency held by central banks and other major financial ...
  6. Lawful Money

    Any form of currency issued by the United States Treasury and ...
Related Articles
  1. The Impact Of Currency Conversions
    Forex Education

    The Impact Of Currency Conversions

  2. The Currency Market Information Edge
    Forex Education

    The Currency Market Information Edge

  3. Gold: The Other Currency
    Forex Education

    Gold: The Other Currency

  4. The History Of Money: Currency Wars
    Forex Education

    The History Of Money: Currency Wars

comments powered by Disqus
Hot Definitions
  1. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  2. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  3. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  4. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  5. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
  6. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
Trading Center