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fiat

fiat money

noun

(economics) Money that is not backed by any commodity, but has value because people agree on its value, and often is established as legal tender by government fiat.

Fiat money is a type of currency that is not backed by a physical commodity.

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fiat moneys

noun

plural of fiat money

Fiat moneys are not backed by a physical commodity like gold or silver.

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fiat monies

noun

plural of fiat money

Many countries around the world use fiat monies as their official currencies.

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fiat currency

noun

(economics) Money that is not backed by any commodity, but has value because people agree on its value, and often is established as legal tender by government fiat.

Bitcoin is often seen as an alternative to fiat currency.

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fiat lux

phrase

Let there be light, especially in the context of light being a metaphor for wisdom.

Fiat lux, and there was light.

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fiat currencies

noun

plural of fiat currency

Many countries around the world use fiat currencies as their official form of money.

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