unit of account


noun
  1. economics the function of money that enables the user to keep accounts, value transactions, etc

  2. Also called (esp US and Canadian): money of account a monetary denomination used for accounting purposes, etc, but not necessarily corresponding to any real currency: the ECU is the unit of account of the European Monetary Fund

  1. the unit of currency of a country

Words Nearby unit of account

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012