Meaning: A state run by the rich.
Usage: If our businessmen had their way, they would run India like an Ameeriat. Focus on money making and sweep all discordant issues under the carpet.
Root: Ameer (Urdu for rich) + -iat (Urdu equivalent of -cracy).
Note: Ameeriat is a synonym for plutocracy. It was coined first by Santosh Tiwari, a jolly good fellow.