Meaning of the word denominate in English

What does denominate mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

denominate

US /dɪˈnɑː.mə.neɪt/
UK /dɪˈnɒm.ɪ.neɪt/

Verb

to give a name to something

Example:
The currency of the country is denominated in dollars.
The bonds are denominated in euros.