seigniorage

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noun sei·gnior·age \ˈsān-yə-rij\
variants: or

seignorage

Definition of seigniorage

  1. :  a government revenue from the manufacture of coins calculated as the difference between the face value and the metal value of the coins

Origin and Etymology of seigniorage

Middle English seigneurage, from Anglo-French seignurage right of the lord (especially to coin money), from seignur


First Known Use: 15th century



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