About The Word Seigniorage
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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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