numeraire

[noo-muh-rair, nyoo-]
noun
a basic standard by which values are measured, as gold in the monetary system.

Origin:
1960–65; < French numéraire; see numerary

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To numeraire
Explore Dictionary.com
Previous Definition: numeracy
Next Definition: numeral
Words Near: numeraire
More from Thesaurus.com
Synonyms and Antonyms for numeraire
More from Reference.com
Search for articles containing numeraire
More from Dictionary.com Translator
Dictionary.com Word FAQs

Dictionary.com presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Example sentences
There is a single nondurable tradable good serving as the numeraire.
Detailed energy sector and one aggregate numeraire for all other production.
The pricing kernel is defined in terms of the marginal utility of numeraire consumption.
By a simple change of numeraire, the rise in the price of food can be seen to be the fall in the price of everything else.
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature