fiat
B2CEFR level
65/100Rarity: rare
TechnicalRegister
Law noun
An authoritative decree or order issued by a person having the power to enforce it.
The regulator cannot rewrite the parties' bargain by fiat.
Business adjective
Denoting money that has value by government decree rather than intrinsic worth.
Under a fiat regime, public confidence in the central bank is all that underpins the note in your wallet.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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