agio

noun \ˈa-(ˌ)jō, ˈa-jē-ˌō, ˈä-(ˌ)jō\

Definition of agio

plural

-s

  1. 1a :  a premium or percentage paid for the exchange of one currency for another (as where gold is given for silver or metallic for paper currency) b :  the premium or discount on foreign bills of exchange

  2. 2 :  money changing

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Origin and Etymology of agio

Italian aggio, agio, alteration (by false word division, l being taken as the definite article) of Italian dialect lajjë, from Middle Greek allagion exchange, from Greek allagē change, exchange, from allos other — more at else


First Known Use: 1696


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