fiat

(noun)

An authoritative command or order to do something; an effectual decree.

Examples of fiat in the following topics:

  • How a Bill Becomes Law

    • A government motion occurs in jurisdictions where the executive can control legislative business a bill may be brought in by executive fiat.

  • Monetary Policy

    • There are several monetary policy tools available to achieve these ends: increasing interest rates by fiat; reducing the monetary base; and increasing reserve requirements with the effect of contracting the money supply; and, if reversed, expand the money supply.

  • Monetary Policy

    • There are several monetary policy tools available to achieve these ends including increasing interest rates by fiat, reducing the monetary base, and increasing reserve requirements.