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Definition 2024


numéraire

numéraire

See also: numeraire

English

Noun

numéraire (plural numéraires)

  1. a basic standard by which values are measured
    Acting as the numéraire is one of the functions of money: to measure the worth of different goods and services relative to one another. "Numéraire goods" are goods with a fixed price of 1 used to facilitate calculations when only the relative prices are relevant

French

Pronunciation

  • IPA(key): /ny.me.ʁɛʁ/

Noun

numéraire m (plural numéraires)

  1. currency (money or other item used to facilitate transactions)