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Denominate: meaning, definitions and examples

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denominate

 

[ dɪˈnɒmɪneɪt ]

Verb
Context #1 | Verb

financial context

To denominate means to specify the currency or unit of account in which something is expressed or measured. It is often used in financial transactions or economic discussions to clarify the type of currency involved. This term is crucial in international trade, where different currencies may be at play. Denomination can also refer to categorizing an item based on its monetary value. It helps in understanding the value of assets and obligations in a clear manner.

Synonyms

assign, designate, label

Examples of usage

  • The contract was denominated in euros.
  • They decided to denominate the loan in US dollars.
  • Goods were denominated in local currency to avoid confusion.

Translations

Translations of the word "denominate" in other languages:

🇵🇹 denominar

🇮🇳 नामित करना

🇩🇪 benennen

🇮🇩 menyebut

🇺🇦 називати

🇵🇱 nazywać

🇯🇵 名付ける

🇫🇷 dénommer

🇪🇸 denominar

🇹🇷 adlandırmak

🇰🇷 명명하다

🇸🇦 تسمية

🇨🇿 nazývat

🇸🇰 nazývať

🇨🇳 命名

🇸🇮 imenovati

🇮🇸 nefna

🇰🇿 атап белгілеу

🇬🇪 დასახელება

🇦🇿 adlandırmaq

🇲🇽 denominar

Etymology

The word 'denominate' traces its origins back to the late Latin word 'denominatus', which means 'named' or 'designated'. The root of the word comes from the Latin term 'nominare', meaning 'to name'. As financial practices developed, particularly in the context of trade and currency, 'denominate' evolved into a term frequently used in economic discussions to clarify the specific units being referenced. This usage became more prominent with the emergence of global markets, where multiple currencies interact. By the 19th century, the term was firmly established in English, reflecting its importance in commerce, finance, and legal contexts.

Word Frequency Rank

At rank #29,456, this word represents specialized academic or technical vocabulary. It's less frequently encountered but may be valuable in specific contexts.