denominate
🇺🇸
/dɪˈnɑːmɪneɪt/
🇬🇧
/dɪˈnɒmɪneɪt/
to state the unit of money used for a particular amount
The loan was denominated in US dollars, which means it was given a value in dollars.
to officially name something or give it a title
These payments are denominated as 'fees', which means they are officially called fees and not something else.