Unit of account definition

Unit of account means the Special Drawing Right as defined by the International Monetary Fund.
Unit of account shall have the same meaning as that set out in Article V, paragraph 9 of the Liability Convention.
Unit of account means the European unit of account (EUA) as defined by Commission Decision 3289/75/ECSC (1). Wherever this Directive refers to the unit of account, the conversion value in national currency to be adopted shall, as from 31 December of each year, be that of the last day of the preceding month of October for which EUA conversion values are available in all the Community currencies;

Examples of Unit of account in a sentence

  • Unit of account Judgement is involved in the identification of portfolios of contracts, as required by IFRS 17 (that is, having similar risks and being managed together).

  • Unit of account and measurement modelThe Group operates as a mono-line insurer, operating in the Private Medical Insurance (PMI) business.


More Definitions of Unit of account

Unit of account means a Special Drawing Right as defined by the International Monetary Fund, and the value of such Special Drawing Right in Namibian currency shall be calculated in accordance with the method of valuation applied by the International Monetary Fund and which is in effect at the time when payment is made, or, in the event of an application in terms of section 12(1), at the time when such application is considered by the court;
Unit of account means the unit of account specified in paragraph 3 of Article 6 of the Protocol relating to the Fund;
Unit of account means the sum in the national currency of a Member which is equal to a unit of value of special drawing rights as valued by the International Monetary Fund.
Unit of account means a unit of measurement of monetary value;
Unit of account means a monetary sum equal to a unit of the currency in circulation in the remainder of the common customs area;
Unit of account means 1 special drawing right as defined by the International Monetary Fund, the calculation of which, in Fiji currency, is in accordance with section 82;
Unit of account means the unit of account for the time being in use by the African Development Bank.