Meaning of “unit of account” in the English Dictionary


"unit of account" in Business English

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unit of accountnoun [ C ]

uk us plural units of account

ACCOUNTING, FINANCE, ECONOMICS the money used in accounts, etc. for a particular purpose:

Some currencies tend to be used more than others as units of account, the US dollar and the euro, for example.

(Definition of “unit of account” from the Cambridge Business English Dictionary © Cambridge University Press)