unit of account(redirected from Units of account)
Also found in: Financial, Acronyms.
unit of account
1. (Economics) economics the function of money that enables the user to keep accounts, value transactions, etc
2. (Economics) Also called (esp US and Canadian): money of account a monetary denomination used for accounting purposes, etc, but not necessarily corresponding to any real currency: the ECU is the unit of account of the European Monetary Fund.
3. (Economics) the unit of currency of a country