SINCE 1828

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agio

noun \ ˈa-(ˌ)jō , ˈa-jē-ˌō , ˈä-(ˌ)jō \

Definition of agio

plural -s

1 a :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

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First Known Use: 1696

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