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Fiat money is a type of government issued currency that is not backed by a precious metal, such as gold or silver, nor by any other tangible asset or commodity. Fiat currency is typically designated by the issuing government to be legal tender , and is authorized by government regulation.
fiat lux: let there be light: from the Genesis, "dixitque Deus fiat lux et facta est lux" ("and God said: 'Let there be light', and there was light."); frequently used as the motto of schools. fiat mihi secundum verbum tuum: be it done to me according to thy word: Virgin Mary's response to the Annunciation: fiat panis: let there be bread
Fiat iustitia, et pereat mundus is a Latin phrase, meaning "Let justice be done, and the world perish". [ 1 ] This sentence was the motto of Ferdinand I, Holy Roman Emperor (1556–1564), [ 2 ] who used it as his slogan, and it became an important rule to control the nation. [ 3 ]
Often abbreviated to L.S., used as opening words for a letter lege artis: according to the law of the art: Denotes that a certain intervention is performed in a correct way. Used especially in a medical context. The 'art' referred to in the phrase is medicine. legem terrae: the law of the land: leges humanae nascuntur, vivunt, et moriuntur
The original meaning was similar to "the game is afoot", but its modern meaning, like that of the phrase "crossing the Rubicon", denotes passing the point of no return on a momentous decision and entering into a risky endeavor where the outcome is left to chance. alenda lux ubi orta libertas: Let light be nourished where liberty has arisen
GYAT (which rhymes with “squat” or “bought,” or “Fiat” depending on your pronunciation of the “g”), can be an acronym for “Girl Your A** Thicc” or an abbreviation for ...
Fiat money, if physically represented in the form of currency (paper or coins), can be accidentally damaged or destroyed. However, fiat money has an advantage over representative or commodity money, in that the same laws that created the money can also define rules for its replacement in case of damage or destruction.
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