unit of account
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English
Noun
unit of account (plural units of account)
- (economics, finance, accounting) A standard numerical monetary unit of measurement of the market value of goods, services, and other transactions.
- Synonyms: settlement currency, money of account
Translations
a standard numerical monetary unit of measurement of the market value of goods, services, and other transactions — see also money of account
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Further reading
- “unit of account”, in Cambridge English Dictionary, Cambridge, Cambridgeshire: Cambridge University Press, 1999–present.
- “unit of account” in Longman Dictionary of Contemporary English, Longman.
- “unit of account”, in Merriam-Webster Online Dictionary, Springfield, Mass.: Merriam-Webster, 1996–present.