Renomination: meaning, definitions and examples
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renomination
[ ˌriːnoʊˈmeɪʃən ]
financial context
Renomination refers to the act of designating or assigning a new name to something, particularly in a financial or political context. This term is often used in relation to currencies, where a currency may undergo a change in its official name or representation. It can also apply to political figures or legislative pieces that undergo a formal change in their designation. Renomination is important as it can influence perception and acceptance within various markets or sectors.
Synonyms
reassignment, redesignation, renaming.
Examples of usage
- The country's currency faced a renomination after the economic crisis.
- Following the election, there was a renomination of candidates for the local council.
- The committee voted on the renomination of the existing board members.
- Renomination of the fiscal policy was necessary to address the budget deficits.
Translations
Translations of the word "renomination" in other languages:
🇵🇹 renomeação
🇮🇳 पुनर्नामकरण
🇩🇪 Umbenennung
🇮🇩 renominasi
🇺🇦 перейменування
🇵🇱 renominacja
🇯🇵 再命名
🇫🇷 renommage
🇪🇸 renominación
🇹🇷 yeniden adlandırma
🇰🇷 재명명
🇸🇦 إعادة التسمية
🇨🇿 přejmenování
🇸🇰 prezidentovanie
🇨🇳 重新命名
🇸🇮 preimenovanje
🇮🇸 endurnefna
🇰🇿 қайта атау
🇬🇪 ახალი სახელის მინიჭება
🇦🇿 yenidən adlandırma
🇲🇽 renominación
Etymology
The term 'renomination' combines the prefix 're-' which implies repetition or doing again, with 'nomination', which stems from the Latin word 'nominatio', meaning 'the act of naming'. Renomination, therefore, literally signifies the act of naming again or changing a name. Its usage has grown in various fields, especially in finance and politics, where the necessity to redefine names arises due to legal, economic, or social changes. In finance, for instance, countries may choose to renominate their currency in efforts to stabilize or redefine their monetary system following periods of hyperinflation or economic instability. In politics, renomination can be a strategic move to reinforce or alter public perception or support for candidates within certain electoral processes.