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'.

Definition of numeraire in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day anastrophe
Pronunciation: əˈnastrəfē
noun
the inversion of the usual order of words...