fineness

fineness definition - business

fineness

A measure of the purity of a precious metal. Fineness is quoted in parts per thousand, with 1,000 fine being equivalent to 24-karat gold, and 583.3 fine being equivalent to 14-karat gold.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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