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DJClayworth
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Is there a generally accepted term for fractions of Currency Units?

If you imagine in the stock market prices are often quoted to many decimal places.

For example: USD 27.4955

This smells like a monetary value e.g. it has a currency code and a value however it doesn't look like money because of course if you asked me to give you $24.4955 I can't.

Is there a term in accounting that describes this sort of "approximate" value which seems a lot like money but isn't quite?

For clarity my definition of "money" is real world amounts specific to the Major and Minor units that that currency can be quoted in.

MrEdmundo
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