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

1 February 2025

GRIP

(noun) an intellectual hold or understanding; “a good grip on French history”; “they kept a firm grip on the two top priorities”; “he was in the grip of a powerful emotion”; “a terrible power had her in its grasp”


coffee icon

Coffee Trivia

According to Guinness World Records, the largest coffee press is 230 cm (7 ft 6 in) in height and 72 cm (2 ft 4 in) in diameter and was created by Salzillo Tea and Coffee (Spain) in Murcia, Spain, in February 2007. The cafetière consists of a stainless steel container, a filtering piston, and a superior lid.

coffee icon