Yes, fiats is a Scrabble word!
...and is worth 8 points in Scrabble, and 8 points in Words with Friends
fiats
Noun
1. A legally binding command or decision entered on the court record (as if issued by a court or judge)
What Scrabble words can I make with the letters in fiats?
4 Letter Words
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3 Letter Words
2 Letter Words