Currency of a country definition

Currency of a country means the coin or currency which is legal tender for the payment of public and private debts in that country.
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Currency of a country means the coin or Currency which is legal tender in that country.
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Examples of Currency of a country in a sentence

  • For the avoidance of doubt, the parties hereto affirm and agree ---- that the conversion of any Obligations under the Loan Documents from an Offshore Currency of a country that is a member of the European Union into Euros, shall not require the early termination of this Agreement or the prepayment of any amount due under the Loan Documents or create any liability of one party to another party for any direct or consequential loss arising from any of such events.

  • If a Contract is scheduled to settle on a date when the National Currency of a country is no longer legal tender, the Contract shall be converted from the National Currency of such country into Euro currency on or before the date Euro currency becomes that country's sole currency, and the Contract will be settled in Euro currency.

  • In other words, money supply refers to the volume of money held by the people in the country for transaction or settlement or debts. Narrow Approach of Money Supply : In narrow sense, we include only liquid assets which are easily acceptable for payments.MN = C + DD + ODCurrency With Public (C) : Currency of a country is issued either by government or the Central Bank.

  • For the avoidance of doubt, the parties hereto affirm and agree that the conversion of any Obligations under the Loan Documents from an Offshore Currency of a country that is a member of the European Union into Euros, shall not require the early termination of this Agreement or the prepayment of any amount due under the Loan Documents or create any liability of one party to another party for any direct or consequential loss arising from any of such events.

Related to Currency of a country

  • Currency of Account means, in relation to any payment to be made to a Finance Party pursuant to any of the Security Documents, the currency in which that payment is required to be made by the terms of the relevant Security Document.

  • Currency means any currency or currencies, composite currency or currency unit or currency units, including, without limitation, the Euro, issued by the government of one or more countries or by any recognized confederation or association of such governments.

  • Currency of the Client Account means the currency that the Client Account is denominated in.

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

  • Index Currency means USD.

  • 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;

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Currency Pair means the object or Underlying Asset of a CFD Transaction based on the change in the value of one currency against the other. A Currency Pair consists of two currencies (the Quote Currency and the Base Currency) and shows how much of the Quote currency is needed to purchase one unit of the Base Currency.

  • LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no currency is specified on the face hereof, United States dollars. “LIBOR Page”

  • Specified Currency means the currency specified as such hereon or, if none is specified, the currency in which the Notes are denominated.

  • First Currency has the meaning specified in Section 1.15.

  • Currency Obligation means any obligation of a Party to deliver a Currency pursuant to an FX Transaction, the application of Section 6.3(a) or (b), or an exercised Option (except, for the purposes of Section 8.1 only, one that is to be settled at its In-the-Money Amount under Section 5.5).

  • Currency Business Day means a day on which commercial banks and foreign exchange markets are open for general business (including dealings in foreign exchange and foreign currency deposits) in the principal financial centre of the Relevant Currency or, in the case of euros, a city in which banks in general have access to the TARGET2 System.

  • Approved Currency means each of Dollars and each Alternative Currency.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Special Notice Currency means at any time an Alternative Currency, other than the currency of a country that is a member of the Organization for Economic Cooperation and Development at such time located in North America or Europe.

  • Affected Currency has the meaning assigned to such term in Section 2.13.

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Denomination Currency has the meaning specified in Section 14(b).

  • 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

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.

  • Balance Currency means the currency that the trading account is denominated in and all charges including spreads, commissions and swaps, are calculated in that currency.

  • Primary Currency has the meaning specified in Section 9.11(c).

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension: