seigniorage

Meaning

1. All the revenue obtained by a feudal lord from his vassals.
2. The revenue obtained directly by minting coin (difference between face value and cost of metal).
3. 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.

Concepts

seigniorage

seignorage

Pronounced as (IPA)

/ˈseɪ.njə.ɹɪd͡ʒ/

Etymology

Borrowed from Old French seignorage.