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agio

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

Definition of agio

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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First Known Use of agio

1696, in the meaning defined at sense 1a

History and Etymology for 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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Cite this Entry

“Agio.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/agio. Accessed 18 January 2020.

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