Definition of numeraire in English:

numeraire

Line breaks: nu¦mer|aire
Pronunciation: /ˈnjuːmərɛː
 
/

noun

Economics
  • An item or commodity acting as a measure of value or as a standard for currency exchange.
    More example sentences
    • Money therefore appears to be just a mere numeraire.
    • More practically, income could be measured as the money value, or value in some other numeraire, of the goods and services directly yielding utility, but only of those.
    • Labor can be a numeraire of profits, but that hardly justifies the labor theory of value, because many things can be numeraires.

Origin

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

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