Denominated Meaning: Definition, Examples, and Translations
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denominated
[dษชหnษmษชneษชtษชd ]
Definition
currency terms
Denominated refers to the expression of a value in a specific unit of account. This term is often used in finance to signify the currency in which a financial transaction is expressed. For example, a bond might be denominated in US dollars, indicating that its value is measured in that currency.
Synonyms
expressed, represented, stated.
Examples of usage
- The investment is denominated in euros.
- She received a loan denominated in pounds.
- These funds are denominated in multiple currencies.
Translations
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Origin of 'denominated'
The term 'denominated' originates from the Latin word 'denominare,' which means 'to name' or 'to designate.' It passed into Middle French as 'dรฉnommer,' and eventually into English in the early 19th century. In financial contexts, it took on the specific meaning of referring to the currency or unit in which a value is expressed. The evolution of this term reflects the development of modern financial systems, wherein clear identification of currency and units is crucial for international trade and investment. This usage has expanded over the years to encompass various financial instruments, including stocks, bonds, and currencies, emphasizing the importance of denomination in the valuation and trading of assets.