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

Hot Definitions
  1. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  2. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  3. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  4. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  5. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  6. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
Trading Center