What is the meaning of the word denominations?

Answer 1

The word denominations means separate named or valued forms. For example:

1) currency (Paper money is printed in various denominations.)

2) churches (The Baptist church has many different denominations.)

Answer 2

In a general sense, "denominations" refers to different categories or groups within a larger entity, often used in the context of religious or financial institutions. For example, within Christianity, there are various denominations such as Catholic, Protestant, and Orthodox. In finance, denominations can refer to the different values of currency or securities.