functional currency
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 985 — for purposes of this subtitle
For purposes of this subtitle, the term “functional currency” means—
(A) except as provided in subparagraph (B), the dollar, or
(B) in the case of a qualified business unit, the currency of the economic environment in which a significant part of such unit's activities are conducted and which is used by such unit in keeping its books and records.