An item that can be changed for another. For example, in the forex market, a U.S. dollar is a single unit of currency used in the United States, similar to the Pound Sterling used in the United Kingdom and the Yen used in Japan. A unit can also refer to the minimum amount of an asset regularly traded, like a unit of 100 shares in the stock market.
Browse by Subjects
unit linked insurance
foreign direct investment
See All Related Terms »
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):