seigniorage


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seign·ior·age

 (sān′yər-ĭj)
n.
Revenue or a profit taken from the minting of coins, usually the difference between the value of the bullion used and the face value of the coin.
[Middle English seigneurage, from Old French, from seignor, seignior; see seignior.]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

seigniorage

or

seignorage

n
1. something claimed by a sovereign or superior as a prerogative, right, or due
2. a fee payable to a government for coining bullion
3. the difference in value between the cost of bullion and the face value of the coin made from it
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

sei•gnior•age

or sei•gnor•age

(ˈsin yər ɪdʒ, ˈseɪn-)

n.
1. something claimed by a sovereign or superior as a prerogative.
2. a charge on bullion brought to the mint to be coined.
[1400–50; late Middle English seigneurage < Middle French seignorage, seigneurage; see seigneur, -age]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.seigniorage - charged by a government for coining bullion
fee - a fixed charge for a privilege or for professional services
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations
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References in periodicals archive ?
(2) In the 1890s, the Imperial Treasury rejected compromise proposals to allow the British West Indian and British West African colonies to share in the seigniorage profits arising from their use of British coin (Rowan 1954, pp.
Colonial currency boards: the seigniorage issue (1)
Seigniorage is essentially a tax on every dollar accepted anywhere as an interest-free loan to the Treasury.
CUBA DE-DOLLARIZES
Yet another factor that plays into future cost savings is seigniorage revenue, which comes from the difference between the face value of a coin or note and its production costs (See the sidebar).
The fate of one-dollar coins in the U.S
The difference between the face value of coins and the costs of minting them results in earnings, called seigniorage, which is shown in the budget as a reduction in needed borrowing for the government, after the deficit or surplus for the year is calculated.
Coins and Currency: How the Costs and Earnings Associated with Producing Coins and Currency Are Budgeted and Accounted For
At "feudal mints" in the Middle Ages and later at locally "patented" mints, citizens were charged a percentage fee, called "seigniorage," for the assaying and imprinting of gold and silver.
A wicked cheat: ATMs and the neo-feudal economy
That's because of what's called seigniorage - the difference between what it costs to produce an item of currency and its face value.
Good choice for quarter
The inflation-prone countries would gain from greater financial discipline because the revenue from 'seigniorage' (i.e.
Is a common currency for West Africa feasible? (View from the City)
Another study considers a model where countries with a more unstable and polarised political system have more inefficient tax structures and, thus, rely more heavily on seigniorage (Cukierman, Edwards and Tabellini, 1992).
The political economy of reform. (Annex III)
Finally, in Part III, they introduce fiscal policy to study how deficits, the national debt, open market operations and seigniorage affect the functioning of the economy.
Modeling monetary economies
government earns approximately $25 billion annually in seigniorage, approximately 1.5% of total revenue.
Dollarization: Making international trade seamless. (International Accounting)
What might worry a central bank the most, especially if the substitution is substantial, is the loss of "seigniorage."(8) If the adoption of e-money was extensive enough, the loss of seigniorage could become a concern to central banks, which may become more dependent on other sources of revenue.
E-money in Transitional Economies

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