noun an authoritative decree, sanction, or order
Fiat is a Latin term meaning 'let it be done' and is used in legal contexts to refer to a formal authorization or decree.
Fiat is used in the context of digital currencies to refer to a central authority's declaration of value for a cryptocurrency.
Fiat currency refers to a currency that is issued by a government and is not backed by a physical commodity.
Fiat is an Italian automobile manufacturer known for producing small cars.
In the context of writing, 'fiat' can refer to the author's authority to create or establish something within the fictional world they have created.
In psychology, 'fiat' may be used to describe a directive or decision made by a therapist or counselor in a therapeutic setting.
Economists may use 'fiat' to refer to a currency that is established and maintained by government regulation, rather than being backed by a physical commodity like gold.
Lawyers may use 'fiat' to refer to a formal authorization or decree issued by a court or government authority.