Unit Price Monetary Specification
Definition
Unit Price Monetary Specification. The specification of a price in terms of some monetary amount, that is a number and a currency unit, in exchange for one unit if the item so priced.
This is the most common kind of price specification, and specifies that a given thing costs a given number of Dollars or other currency units for one of the item or for some other well defined denimination of the unit (e.g. price per hundred). This is also the Fx rate for one unit of a given currency, being effectively the "price" of that currency in the specified currency.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
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