This is the 2574th most frequent Dutch word.
fiat
Approval or authorization.
In this sentence, 'fiat' is used to mean approval or authorization, a common usage in formal Dutch contexts.
De regering gaf fiat aan het nieuwe wetsvoorstel.
The government gave approval to the new bill.
Here, 'Fiat' refers to the Italian car company, showing its use as a proper noun rather than a common noun.
De rijke baron kocht een oude Fiat als verzamelobject.
The wealthy baron bought an old Fiat as a collectible.
In this example, 'fiat' is used as an adjective describing 'currency,' signifying money issued by governmental decree.