What Does FIAT Mean?

FIAT means "Fix It Again Tomorrow" and "Government Supported Currency." Here is more information about each of these definitions of FIAT.

Fix It Again Tomorrow

On social media and in chat forums, FIAT means "Fix It Again Tomorrow." It is a play on the name of the Italian auto manufacturer Fiat Automobiles (Fabbrica Italiana Automobili di Torino), based in Turin, Italy, whose cars are notorious for breaking down.

In this context, the name of FIAT is abused in a similar way to that of the of Ford Motor Company, for whose name a number of disparaging definitions exist.

Government Supported Currency

In a financial context, FIAT means "Government Supported Currency."

A FIAT currency is money that is guaranteed by the government that issued it. Almost all modern paper currencies are FIAT currencies, including the US and Canadian dollars, British pound sterling, and the euro.

During the 21st century, Cryptocurrencies, such as Bitcoin have emerged as hopeful alternatives to FIAT currencies.

Summary of Key Points for the First Definition

"Fix It Again Tomorrow" is a common definition for FIAT on Snapchat, WhatsApp, Facebook, Twitter, Instagram, and TikTok.
Definition:Fix It Again Tomorrow
4: Difficult to guess
Typical Users:
Adults and Teenagers

Summary of Key Points for the Second Definition

"Government Supported Currency" is a common definition for FIAT in finance.
Definition:Government Supported Currency
4: Difficult to guess
Typical Users:

Example of FIAT Used in a Text


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