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.
Fiat money has a less-than-flattering nickname: âtoilet paper money,â or, essentially, paper money. The less crude definition of fiat money is any money that is declared to be legal tender by a government. It is also money issued by any state that is not convertible by law to any other form of currency, such as gold. It is also defined as money with no intrinsic value.