Fiat for Dummies

Alright, so "Fiat" is a word that has a few different meanings, so let's break it down. The first meaning of "Fiat" is basically like saying "let it be done" or "so be it." It's a kind of authoritative command or decision, like when a ruler or a leader says something and it has to be followed. It's kind of like when a teacher tells the class to do something and everyone has to listen and do it.

Another meaning of "Fiat" is a bit different. In the business world, a "Fiat" is a formal authorization or sanction, like when a company or a government gives official approval for something to happen. It's kind of like when your parent gives you permission to go out with your friends, except in this case, it's a big decision that needs to be approved by higher-ups.

So, in simple terms, "Fiat" is like saying "I'm the boss and this is how it's going to be" or "This is officially approved to happen." It's a powerful word that carries a lot of weight and it's important to pay attention when you hear it.