Fiat: meaning, definitions and examples
๐
fiat
[ หfiหษt ]
currency
Fiat is a currency that a government has declared to be legal tender, but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of.
Synonyms
government-issued currency, legal tender, paper money
Examples of usage
- The US dollar is a fiat currency.
- Many countries use fiat money as their official currency.
car manufacturer
Fiat is an Italian automobile manufacturer known for producing small, fuel-efficient cars. The company was founded in 1899 and has a long history of producing popular models such as the Fiat 500.
Synonyms
automaker, car company, vehicle manufacturer
Examples of usage
- My first car was a Fiat.
- Fiat is a popular choice for city driving.
Translations
Translations of the word "fiat" in other languages:
๐ต๐น fiat
๐ฎ๐ณ เคซเคฟเคเค
๐ฉ๐ช Fiat
๐ฎ๐ฉ fiat
๐บ๐ฆ ััะฐั
๐ต๐ฑ fiat
๐ฏ๐ต ใใฃใขใใ
๐ซ๐ท fiat
๐ช๐ธ fiat
๐น๐ท fiat
๐ฐ๐ท ํผ์ํธ
๐ธ๐ฆ ููุงุช
๐จ๐ฟ fiat
๐ธ๐ฐ fiat
๐จ๐ณ ่ฒไบ็น
๐ธ๐ฎ fiat
๐ฎ๐ธ fiat
๐ฐ๐ฟ ัะธะฐั
๐ฌ๐ช แคแแแข
๐ฆ๐ฟ fiat
๐ฒ๐ฝ fiat
Word origin
The word 'fiat' originates from the Latin word 'fiat', which means 'let it be done'. It was first used in English in the early 17th century to refer to a decree or order issued by a sovereign or government. Over time, the term evolved to also refer to a type of currency that is not backed by a physical commodity. In the context of car manufacturing, Fiat is an abbreviation for 'Fabbrica Italiana Automobili Torino', which translates to 'Italian Automobile Factory of Turin'. The company was founded in Turin, Italy, in 1899 and has since become a well-known automotive brand.