According to WorldAtlas, Canada is the only non-European country to make its top ten list of coffee consumers. The United States at a distant 25 on the list.
SEIGNIORAGE
seigniorage
(noun) charged by a government for coining bullion
Source: WordNet® 3.1
Etymology
Noun
seigniorage (plural seigniorages)
(historical) All the revenue obtained by a feudal lord from his vassals.
The revenue obtained directly by minting coin (difference between face value and cost of metal).
(finance) The revenue obtained by the difference between interest earned on securities acquired in exchange for bank notes and the costs of producing and distributing those notes.
Source: Wiktionary
Seign"ior*age, n. Etym: [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.
Source: Webster’s Unabridged Dictionary 1913 Edition
Recent Word Finds
Word of the Day
27 February 2025
SUMMIT
(verb) reach the summit (of a mountain); “They breasted the mountain”; “Many mountaineers go up Mt. Everest but not all summit”
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