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.
Commodity money is created from a good, often a precious metal such as gold or silver, which has uses other than as a medium of exchange (such a good is called a commodity), while representative money simply represents a claim on such a good. The first use of fiat money was recorded in China around 1000 AD.