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numeraire

Pronunciation: /ˈnjuːmərɛː/

Definition of numeraire

noun

Economics
  • an item or commodity acting as a measure of value or as a standard for currency exchange.

Origin:

1960s: from French numéraire, from late Latin numerarius, from Latin numerus 'a number'

numeraire in other Oxford dictionaries

Definition of numeraire in the US English dictionary

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