Definition, Meaning & Synonyms
denom
noun
/ˈdɛn.əm/
Definition
A short form of the word denomination, often used in banking or finance contexts.
Examples
- The denom of the bill is five dollars.
- In different countries, the denom can greatly vary.
- Investors should consider the denom of the asset before making a purchase.
Meaning
The face value of a financial instrument, such as currency or a security, often used to categorize or classify funds.
Synonyms
- Category
- Type
- Class
