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decimalization

American  
[des-muhl-iz-ay-shuhn, -ahyz-] / ˌdɛs məl ɪzˈeɪ ʃən, -aɪz- /

noun

  1. the process of reducing or converting something, such as currency, to a decimal system.


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Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

It was its lowest level since the decimalization of the currency in 1971.

From Washington Times • Sep. 26, 2022

But the truly important thing about metric is the concept of decimalization.

From Slate • Aug. 8, 2014

One reason is decimalization — pricing stocks in cents rather than fractions — that took profits out of trading that had previously given brokers an incentive to list small companies.

From New York Times • Apr. 3, 2012

In the past decade, so-called decimalization -- pricing stocks in pennies from fractions of a dollar -- and the automation of trading narrowed a broad field of retail market makers to the dominant five.

From Reuters • Dec. 17, 2010

To the relief of accountants, schoolchildren, tourists and moneymen, all such variations will officially disappear with decimalization.

From Time Magazine Archive

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