What is Denomination?
Usually associated with currency, a denomination is the value specified on a monetary instrument.
How Does Denomination Work?
Denomination values are graduated and usually divisible by some common denominator (hence, 'denomination'). For example, in addition to the $1 bill, denominations of U.S. paper money include $5, $10, $20, $50, and $100 notes, all divisible by 5.
Why Does Denomination Matter?
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.
Read This Next
Building good credit is like trying to lose weight -- it takes time, effort and persistence to reach...Read More →
If you're a parent, here's a question that has probably crossed your mind: How do I teach my kids about money...Read More →
I recently met someone who didn't think that he needed a financial advisor. It took two phone calls from me and a referral from a family member to convince him to hear...Read More →