Dictionary
seigniorage
Meaning
- 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).
- 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.
Pronounced as (IPA)
/ˈseɪ.njə.ɹɪd͡ʒ/
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