The smallest individual unit that a trader can place a transaction for. In the iSigma system newsletter, units are multiplied by account equity to get the actual numbers of untis to trade.
the smallest software component that can be treated as a relatively independent blackbox module. A unit is typically identified in the design and the subject of unit testing. A unit is also typically the smallest software configuration item. For example, a software unit could be an object-oriented programming language class or interface, a procedural programming language function, or an HTML webpage.
This is the smallest part of a qualification that can be separately assessed.
Smallest amount of money used for betting, one betting unit
Technical term used to express the smallest amount of money used in wagering without specifying the actual Dollar or other currency amount. The player's actual 'chip' bet may be $1, $5, $25, $100 or other value. However, for purposes of simplifying gambling related calculations, the wager is specified as simply one betting unit or one chip.
A unit is part of a qualification. It can be the smallest part of the qualification that can be evaluated, validated or certified. A unit can be specific to one particular qualification or common to several qualifications. The knowledge, skills and competences that make up the credit form the basis for the assessment and validation of peopleâ€™s outcomes. Units are validated at the end of the assessment of outcomes, the results of which must comply with the requirements of the qualification. [TWG ECVET