Denomination

dih-nom-ih-NAY-shun /dɪˌnɒmɪˈneɪʃən/
nounB2GRETOEFL
formalbusiness

A class or unit of value in a system of currency.

Refers to the specific value printed on a banknote or coin (e.g., a $20 bill, a 5-euro coin).

The story behind the word. The word 'denomination' comes from the Latin 'denominare,' meaning 'to name down' or 'to name precisely.' It's about giving a specific name or value to something. In the context of money, it's the 'name' or 'value' printed on a bill or coin, like a 'ten-dollar denomination.'

Word relationships

  • unit: More general term, can refer to any single item or amount.
  • value: Refers to the worth itself, not the specific printed class.

Word family

  • denominate (verb): to give a name or designation to; to specify the unit of value.

Collocations

  • small denomination
  • large denomination
  • various denominations
  • currency denomination

Example sentences

  • "The ATM only dispensed bills in $20 and $50 denominations, so I couldn't get a smaller change." Handling cash transactions.
  • "Collectors often seek rare coins of various denominations, from pennies to large silver dollars." Discussing coin collecting.

Memory hook

DENOMINATION is like giving a 'NAME' (nomen) to a specific value of money, like a $5 bill is 'named' a five-dollar denomination. Name value

When not to use

Do not use 'denomination' to refer to the currency system itself; 'currency' is the correct term.

Fun facts

  • Some countries have very high denominations (e.g., 100,000,000,000,000 Zimbabwean dollars) due to hyperinflation.

Related words

Currency

Explore more words

devalue, Share, barter, asset, budget, Demand

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