Subunit (Noun)
Meaning
A monetary unit that is valued at a fraction (usually one hundredth) of the basic monetary unit.
Classification
Nouns denoting quantities and units of measure.
Examples
- The subunit of the US dollar is the cent, which is valued at one hundredth of a dollar.
- In the United Kingdom, the subunit of the pound is the penny, with one hundred pence equaling one pound.
- The euro has a subunit called the cent, with one hundred cents equaling one euro.
- The subunit of the Japanese yen is the sen, although it is no longer used in everyday transactions.
- The subunit of the Australian dollar is the cent, with one hundred cents equaling one dollar.