unit of account
noun[C]
ukuspluralunits of accountACCOUNTING,FINANCE,ECONOMICS
themoneyused inaccounts, etc. for aparticularpurpose:
Somecurrenciestendto be used more thanothersasunitsofaccount, the USdollarand theeuro, forexample.
Examplesofunit of account
unit of account
They also performed the function of money as aunitofaccount.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.A gold standard is a monetary system in which the standard economicunitofaccountis based on a fixed quantity of gold.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.After that time the "hyperpyron nomisma" continued as aunitofaccount, but it was no longer struck in gold.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The basicunitofaccountis an hour of service to an elderly person.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Unit of measure andunitofaccountare sometimes treated as synonyms in financial accounting and economics.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.In economics, a standardunitofaccountis used for statistical purposes to describe economic activity.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It is the monetaryunitofaccountof the principal economic environment in which an economic entity operates.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Inflation destroys the assumption that the real value of theunitofaccountis stable which is the basis of classic accountancy.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Unlike money, credit itself can not act as aunitofaccount.
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This example is from Wikipedia and may be reused under a CC BY-SA license.However, in modern societies credit is usually denominated by aunitofaccount.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.