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.
Convertible, inconvertible and representative money are forms of what economists call paper money. Another form of paper money is fiat money. Fiat money is typically the paper money of a country, such as the U.S. dollar or Japanese yen.A commodity such as gold or silver does not back the value of fiat money, which is subject to devaluation due to economic crises such as hyperinflation.iat money is typically the paper money of a country, such as the U.S. dollar or Japanese yen. A commodity such as gold or silver does not back the value of fiat money, which is subject to devaluation due to economic crises such as hyperinflation.