FTB-C000099 / Formula component

Measurement Unit

A measurement unit states the quantity scale represented by a numeric value, such as currency, shares, contracts, seconds, or percent.

Also known asunit of measureunit

Foundation 6 linked topicsPublished

Definitions

In plain terms

The number 100 is ambiguous until you know whether it means dollars, shares, basis points, or milliseconds.

Technical

Units belong in field and formula contracts and must cover currency, scale, numerator and denominator dimensions, rate basis, and conversions.

Scope

A display suffix is not sufficient when storage scale or currency can differ.

Examples

  • A governed dataset records measurement unit explicitly and preserves the source context needed to interpret it.

Common misconceptions

  • Measurement Unit does not have one universal meaning or policy without its declared source, scope, and data contract.

Concept relationships

Related

Required by

Where this concept is used

Evidence and governance

  1. Fintech Builder Glossary Definition Contract The Fintech Builder · internal governed contract

    Supports: preferred label, short definition, technical definition

    Limits: Defines governed platform behavior rather than claiming these policies are universally prescribed by external McClellan methodology.

Reviewed by
fintech-builder-owner-approved
Last reviewed
2026-07-26
Next review
2027-07-26
Record status
published