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Unit of Account
(redirected from Units of account)

    Also found in: Dictionary/thesaurus, Acronyms, Wikipedia 0.01 sec.
Unit of Account
A measure of an amount of money. Units of account, for example, divide one dollar into 100 cents or one pound into 100 pence. Units of account are somewhat arbitrary, but are necessary to measure value and price fairly.
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Summary: The African Development Bank (AfDB) Group on Wednesday, September 2, 2009 in Tunis approved a loan of 42,34 million Units of Account (UA), equivalent to 87.
AfDB Loan to Rehabilitate Tunisia's Electricity Network by UMCI News (Potomac Falls, VA)
The number of issues involved complicates the determination of whether a FIN 48 analysis of an intangible holding company itself involves a single unit of account or multiple, discrete units of account.
FIN 48 and state and local income taxes by Kwiatek, Harlan J. / The Tax Adviser
For example, downward rigidity of real wages might be reduced if wages were denominated in base income-indexed units of account.
Monetary economics by NBER Reporter
 
 
 
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