| en | en | |
| Fiat money | Fiat \Fi"at\, n. [L., let it be done, 3d pers. sing., subj. pres., fr. fieri, used as pass. of facere to make. Cf. {Be}.] 1. An authoritative command or order to do something; an effectual decree. [1913 Webster] His fiat laid the corner stone. --Willis. [1913 Webster] 2. (Eng. Law) (a) A warrant of a judge for certain processes. (b) An authority for certain proceedings given by the Lord Chancellor's signature. [1913 Webster] {Fiat money}, irredeemable paper currency, not resting on a specie basis, but deriving its purchasing power from the declaratory fiat of the government issuing it. [1913 Webster] |
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