Definitions and. Overview. A Health Savings Account (HSA) is a tax-advantaged trust or. custodial account created for the benefit of an individual (not limited. to employees) who is covered under a high-deductible health plan. (HDHP). The trustee may be a bank, an insurance company (not just.
Definition of currency for English Language Learners. : 1  the money that a country uses : a specific kind of money. : 2  something that is used as money. : 3  the quality or state of being used or accepted by many people.
From Wikipedia, the free encyclopedia. Functional currency refers to the main currency used by a business or unit of a business. It is the monetary unit of account of the principal economic environment in which an economic entity operates.International Accounting Standards (IAS) and U.S. Generally Accepted Accounting Principles (GAAP) provide rules for translation of foreign currency transactions and financial statements.t is the monetary unit of account of the principal economic environment in which an economic entity operates. International Accounting Standards (IAS) and U.S. Generally Accepted Accounting Principles (GAAP) provide rules for translation of foreign currency transactions and financial statements.