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European Terms

In the United States currency market, an exchange rate stated in U.S. dollars per unit of a foreign currency. That is, the act of stating an exchange rate in European terms means stating the dollars needed to buy one unit of that currency. European terms contrasts with direct terms, which state the units of the foreign currency needed to buy one dollar.

divider

References in classic literature ?
General Campan's division did not seize the first fortification but was driven back, for on emerging from the wood it had to reform under grapeshot, of which Napoleon was unaware.
The vice-King will occupy the village and cross by its three bridges, advancing to the same heights as Morand's and Gibrard's divisions, which under his leadership will be directed against the redoubt and come into line with the rest of the forces.
(Borodino) and cross by its three bridges, advancing to the same heights as Morand's and Gdrard's divisions (for whose movements no directions are given), which under his leadership will be directed against the redoubt and come into line with the rest of the forces.
The central divisions of the two armies seemed well matched also, and thus the battle continued throughout the day, the greatest advantage appearing to lie with the King's troops.
This sight, together with the routing of the enemy's left wing by Prince Edward, so cheered and inspired the royalists that the two remaining divisions took up the attack with refreshed spirits so that what a moment before had hung in the balance now seemed an assured victory for King Henry.
In the first place, picture to yourself the man who is thus described in the Yearly Register:-- "Chief of Division.--Monsieur la baron Flamet de la Billardiere (Athanase-Jean-Francois-Michel) formerly provost-marshal of the department of the Correze, gentleman in ordinary of the bed- chamber, president of the college of the department of the Dordogne, officer of the Legion of honor, knight of Saint Louis and of the foreign orders of Christ, Isabella, Saint Wladimir, etc., member of the Academy of Gers, and other learned bodies, vice-president of the Society of Belles-lettres, member of the Association of Saint-Joseph and of the Society of Prisons, one of the mayors of Paris, etc."
La Billardiere's division occupied the upper floor of a magnificent mansion, in which the vast official ocean of a ministry was contained.
They who well consider the history of similar divisions and confederacies will find abundant reason to apprehend that those in contemplation would in no other sense be neighbors than as they would be borderers; that they would neither love nor trust one another, but on the contrary would be a prey to discord, jealousy, and mutual injuries; in short, that they would place us exactly in the situations in which some nations doubtless wish to see us, viz., FORMIDABLE ONLY TO EACH OTHER.
"Yes, they're quarrelling over the division of the earnings of the street railways."
The divisions of society have become too widely separated."
It, however, was not so severe as the one I dreaded at the division of property; for, during this interval, a great change had taken place in Master Hugh and his once kind and affectionate wife.
Thus, if you order your men to roll up their buff-coats, and make forced marches without halting day or night, covering double the usual distance at a stretch, doing a hundred LI in order to wrest an advantage, the leaders of all your three divisions will fall into the hands of the enemy.