fiat

fiat is defined in Webster's Unabridged Dictionary (1913) with 1 sense. The full text of each entry is reproduced verbatim below.

Definitions

  1. 1.(Eng. Law) (a) A warrant of a judge for certain processes. (b) An authority for certain proceedings given by the Lord Chancellor's signature. 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.

Source: Webster's Unabridged Dictionary, 1913 edition (public domain, via GCIDE / Project Gutenberg).

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