Numeraire

Business, Legal & Accounting Glossary

Definition: Numeraire


Numeraire


Full Definition of Numeraire


The unit in which prices are measured. This may be a currency, but in real models, such as most trade models, the numeraire is usually one of the goods, whose price is then set at one. The numeraire can also be defined implicitly by, for example, the requirement that prices sum to some constant.


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Numeraire. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/numeraire/.
Chicago Manual of Style (CMS):
Numeraire. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/numeraire/ (accessed: March 28, 2024).
American Psychological Association (APA):
Numeraire. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/numeraire/

Definition Sources


Definitions for Numeraire are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.