denomination meaning in banking

All financial dictionaries - including over 1000 financial terms - are available on, © 2014-2020 Herold Financial Dictionary |, No sign up or email required (51 copies left). Simple Savings Calculator: How Much Could I Save Up Over Time? How Many Years Will It Take to Save a Million Dollars? Where stocks are concerned, stocks also have a par value and a denomination. Occasionally, a super unit is used as a multiple of the main unit. In a currency, there is usually a main unit (base) and a subunit that is a fraction of the main unit. How to Choose the Best Credit Card for You, 5 Devastating Mistakes That Turn 0% Credit Cards into Nightmares, Lower Your Credit Card Interest Rate with These Magic Words, How to Find a Personal Loan with the Best Rate, Using Leverage and Debt to Juice Your Investment Strategy, Good Debt: The 5 Best Reasons to Borrow Money, How to Create Your Own Loan Amortization Calculator, Calculate Cost of Monthly Used Car Loan Payments. Meaning of term denomination. This becomes important where ATM automated teller machines are concerned. ...a pile of bank notes, mostly in small denominations. Denomination is a proper description of a currency amount, usually for coins or banknotes. Afraid to incite violence and unsure which denomination has the right to the ladder, no one has moved it since. A Philosophical Dictionary, Volume 4 (of 10). The amount depends on... Cars are supposed to give us freedom, but you really have to wonder sometimes when you add up the costs of owning one. This advantage (in an age without mechanical or electronic calculators) and the lack of widespread accurate weighing apparatus (meaning an item might sometimes simply be divided in 2,4,6 etc.) The exercises were concluded by a collection for the poor of their own denomination. Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012. a religious group, usually including many local churches, often larger than a sect: one of the grades or degrees in a series of designations of quantity, value, measure, weight, etc. Acceptance of women preachers varies greatly from denomination to denomination. All rights reserved. It is always useful to consider a clear cut example of a difficult concept. That brilliant star was evidently the cause of bestowing on the day of its appearance the denomination of the Epiphany.

The meaning of the DENOMINATION is also explained earlier. It is this difference from maturity value to sales price that serves as the total interest which would be earned on the investment by the purchaser or holder of the bond on maturity date. In practice, however, the value of the main unit in each case is so low (less than 1/1000 of a United States dollar) that the sub-unit is not of any practical use and is rarely seen in circulation. [Fig.] Then this quiz should be butyraceous.

Though denominations are generally discussed with regard to currency, financial instruments such as bonds … Denominations may also be used with other means of payment such as gift cards. Denominate definition is - to give a name to : designate. The face value was a mere tepid 25 cents. Search denomination of a bank note and thousands of other words in English Cobuild dictionary from Reverso.

BAs are sold at a discount in money markets.

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