About The Word Seigniorage
Learn about the word Seigniorage to help solve your crossword puzzle. Discover Seigniorage definitions and meaning, origins, synonyms, related terms and more at the free Crossword Dictionary.
Seigniorage
| Seigniorage Definition And Meaning |
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What's The Definition Of Seigniorage?
[n] charged by a government for coining bullion
Synonyms | Synonyms for Seigniorage: Related Terms | Find terms related to Seigniorage: See Also | fee Seigniorage In Webster's Dictionary \Seign"ior*age\, n. [F. seigneuriage, OF.
seignorage.]
1. Something claimed or taken by virtue of sovereign
prerogative; specifically, a charge or toll deducted from
bullion brought to a mint to be coined; the difference
between the cost of a mass of bullion and the value as
money of the pieces coined from it.
If government, however, throws the expense of
coinage, as is reasonable, upon the holders, by
making a charge to cover the expense (which is done
by giving back rather less in coin than has been
received in bullion, and is called ``levying a
seigniorage''), the coin will rise to the extent of
the seigniorage above the value of the bullion. --J.
S. Mill.
2. A share of the receipts of a business taken in payment for
the use of a right, as a copyright or a patent.
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