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fiat
noun as in order, proclamation
Example Sentences
"The result is a financial death penalty by fiat imposed on a media defendant whose broadcasts reach millions," he told the Supreme Court in the appeal.
Bitcoin and other cryptos have benefited from the so-called “debasement trade,” in which assets such as Bitcoin and gold gain value as fiat currencies weaken.
By surging past $4,000 for the first time ever this week, gold is “reinforcing its role as a hedge against accelerating fiat destruction and fiscal instability,” he told MarketWatch.
Still, as Robin Brooks of the Brookings Institution noted, the dollar has been stable since August, suggesting gold’s recent rally is about eroding faith in all fiat currencies.
Investors might not trust the stewards of fiat currencies around the world, but they are, for the moment at least, still happy to follow the leaders of the world’s biggest AI companies.
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From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.
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