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Denominating: meaning, definitions and examples

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denominating

 

[ dɪˈnɒmɪneɪtɪŋ ]

Verb
Context #1 | Verb

financial terminology

Denominating refers to the act of expressing an amount in terms of a specific currency or unit of measure. It is often used in the context of transactions and financial agreements where values need to be clearly defined in a recognized standard.

Synonyms

designate, identify, label

Examples of usage

  • The contract was denominated in US dollars.
  • Prices can vary significantly based on the currency denomination.
  • Investors need to be aware of the currency denomination of their assets.

Translations

Translations of the word "denominating" in other languages:

🇵🇹 denominando

🇮🇳 नामित करना

🇩🇪 benennen

🇮🇩 menyebut

🇺🇦 називання

🇵🇱 nazywanie

🇯🇵 名付ける

🇫🇷 dénommer

🇪🇸 denominar

🇹🇷 adlandırma

🇰🇷 명명하다

🇸🇦 تسمية

🇨🇿 pojmenování

🇸🇰 nazývanie

🇨🇳 命名

🇸🇮 imenovanje

🇮🇸 nefna

🇰🇿 атап беру

🇬🇪 დასახელება

🇦🇿 adlandırma

🇲🇽 denominar

Etymology

The term 'denominating' originates from the Latin word 'denominare', which means 'to name or to designate'. This Latin root comes from 'de-' meaning 'from' or 'of' and 'nominare', derived from 'nomen', meaning 'name'. In the context of finance, the concept emphasizes the need to establish a standard reference for value assessment, particularly in multi-currency environments. The usage of the term has expanded with globalization and the growth of international trade, where clear denomination is crucial for effective communication and transaction integrity.

Word Frequency Rank

Ranking #38,479, this word is encountered relatively rarely in everyday English. It might appear in literary works or specialized texts but isn't essential for general communication.