What is the definition of Numeraire? | Dictionary.net

NUMERAIRE

\njˌuːməɹˈe͡ə], \njˌuːməɹˈe‍ə], \n_j_ˌuː_m_ə_ɹ_ˈeə]\

Definitions of NUMERAIRE

1910 - Black's Law Dictionary (2nd edition)

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1. Economics: A commodity that is the basis on which the prices of all other commodities are measured. 2. Finance: The currency that is the basis of expression for all other currencies.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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