agio
Definition of agio
-s
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 : 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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