French in origin, this term means to preserve which has been a traditional French method of keeping food in storage for longer periods of time.During a time when there was a lack of refrigeration, foods were preserved in jars under layers of fat or syrups as a means to store the contents for future use.rench in origin, this term means to preserve which has been a traditional French method of keeping food in storage for longer periods of time.
Wiktionary(0.00 / 0 votes)Rate this definition: fiat currency(Noun) Money that has indirect market value or is given legal tender status by government fiat.
DEFINITION of 'Convertible Currency'. A currency that can be readily bought or sold without government restrictions, in order to purchase another currency.A convertible currency is a liquid instrument when compared to currencies tightly controlled by a central bank or other regulating authority.Next Up. convertible currency is a liquid instrument when compared to currencies tightly controlled by a central bank or other regulating authority.