standard of value
Definition of standard of value
: the commodity that is made the measure of value in any comparison of values; specifically : the basis of value in the monetary system — compare gold standard
Start your free trial today and get unlimited access to America's largest dictionary, with:
- More than 250,000 words that aren't in our free dictionary
- Expanded definitions, etymologies, and usage notes
- Advanced search features
- Ad free!
Seen and Heard
What made you want to look up standard of value? Please tell us where you read or heard it (including the quote, if possible).