Definition of numeraire in English:

numeraire

noun

Economics
  • An item or commodity acting as a measure of value or as a standard for currency exchange.

    • ‘Labor can be a numeraire of profits, but that hardly justifies the labor theory of value, because many things can be numeraires.’
    • ‘Money therefore appears to be just a mere numeraire.’
    • ‘More practically, income could be measured as the money value, or value in some other numeraire, of the goods and services directly yielding utility, but only of those.’
    • ‘No one knows how long savers will continue to accept a depreciating monetary unit as numeraire for their savings.’
    • ‘This constraint is also essential for defining a numeraire, that is the monetary expression of one hour of labour.’

Origin

1960s: from French numéraire, from late Latin numerarius, from Latin numerus a number.

Pronunciation:

numeraire

/ˈnyo͞oməˌrer/