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fiat

Pronunciation: [ˈfiːæt]

Word

Learn how to use fiat in a sentence: 6 audio examples across 2 meanings.

Context: “law and authority”

(noun) an official order or decision made by someone with power. It's like when a teacher makes a rule for the class that everyone has to follow.

Example

The government issued a fiat to improve public health during the pandemic.

Example

No one liked the company's fiat that required employees to work overtime every weekend.

Example

What is the purpose of the latest fiat from the mayor?

Context: “finance”

(noun) a currency that a government declares to be legal money, even if it's not backed by physical commodities like gold. This means that people accept it for buying things because the government says it has value.

Example

Many countries use fiat money that people trust for everyday transactions.

Example

Some people worry that using fiat without any backing can lead to inflation.

Example

How does fiat money work in today's economy?

How to pronounce fiat

Pronunciation: [ˈfiːæt]

Listen and repeat as many times as you need.

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