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seigniorage |
3 definitions found From Webster's Revised Unabridged Dictionary (1913) [web1913]: Seigniorage \Seign"ior*age\, n. [F. seigneuriage OF seignorage.] 1. Something claimed or taken by virtue of sovereign prerogative; specifically, a charge or toll deducted from bullion brought to a mint to be coined; the difference between the cost of a mass of bullion and the value as money of the pieces coined from it If government, however, throws the expense of coinage, as is reasonable, upon the holders, by making a charge to cover the expense (which is done by giving back rather less in coin than has been received in bullion, and is called ``levying a seigniorage''), the coin will rise to the extent of the seigniorage above the value of the bullion. --J. S. Mill. 2. A share of the receipts of a business taken in payment for the use of a right as a copyright or a patent. From Webster's Revised Unabridged Dictionary (1913) [web1913]: Brassage \Bras"sage\, n. [F.] A sum formerly levied to pay the expense of coinage; -- now called {seigniorage}. From WordNet r 1.6 [wn]: seigniorage n : charged by a government for coining bullion
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