SEIGNIORAGES

Noun

seigniorages

plural of seigniorage

Source: Wiktionary


SEIGNIORAGE

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



RESET




Word of the Day

11 June 2025

LIGHT

(adjective) having relatively few calories; “diet cola”; “light (or lite) beer”; “lite (or light) mayonnaise”; “a low-cal diet”


coffee icon

Coffee Trivia

Contrary to popular belief, coffee beans are not technically beans. They are referred to as such because of their resemblance to legumes. A coffee bean is a seed of the Coffea plant and the source for coffee. It is the pit inside the red or purple fruit, often referred to as a cherry. Just like ordinary cherries, the coffee fruit is also a so-called stone fruit.

coffee icon