AGIO

agio, agiotage, premium, exchange premium

(noun) a fee charged for exchanging currencies

Source: WordNet® 3.1


Etymology

Noun

agio (plural agios)

(economics, finance) The premium or percentage on a better sort of money when it is given in exchange for an inferior sort. The premium or discount on foreign bills of exchange is sometimes called agio.

Anagrams

• Iago

Source: Wiktionary


Ag"i*o, n.; pl. Agios. Etym: [It. aggio exchange, discount, premium, the same word as agio ease. See Ease.] (Com.)

Definition: The premium or percentage on a better sort of money when it is given in exchange for an inferior sort. The premium or discount on foreign bills of exchange is sometimes called agio.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

21 June 2024

DEMURRAGE

(noun) a charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure


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Coffee Trivia

According to Guinness World Records, the largest collection of coffee pots belongs to Robert Dahl (Germany) and consists of 27,390 coffee pots as of 2 November 2012, in Rövershagen, Germany.

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