Smallest Currency Unit definition

Smallest Currency Unit one yen with respect to Japanese yen, and one cent with respect to United States dollars.

Examples of Smallest Currency Unit in a sentence

  • Such delay interest shall accrue or a per diem basis for a relevant period (inclusive of the first day but exclusive of the last day), wherein divisions shall be done at the end of the calculation and any amount less than the Smallest Currency Unit shall be rounded down.

Related to Smallest Currency Unit

  • National Currency Unit means the unit of the currency of a country as those units are defined on the day before the start of the third stage of European Economic and Monetary Union pursuant to the Treaty or, in connection with the expansion of such third stage, to any country which has not initially participated in such third stage; and

  • First Currency has the meaning specified in Section 1.15.

  • Composite Currency Unit means the Euro or any other composite currency unit consisting of the aggregate of specified amounts of specified currencies, as such unit may be constituted from time to time.

  • Fiat Currency means currency issued by the relevant body in a country or by a government that is designated as legal tender in its country of issuance through amongst other things, government decree, regulation, or law;

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;