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seigniorage
(redirected from Seinorage)

   Also found in: Financial, Encyclopedia, Wikipedia 0.03 sec.
seign·ior·age  (snyr-j)
n.
Revenue or a profit taken from the minting of coins, usually the difference between the value of the bullion used and the face value of the coin.

[Middle English seigneurage, from Old French, from seignor, seignior; see seignior.]

seigniorage [ˈseɪnjərɪdʒ]
n
1. something claimed by a sovereign or superior as a prerogative, right, or due
2. a fee payable to a government for coining bullion
3. the difference in value between the cost of bullion and the face value of the coin made from it
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.seigniorage - charged by a government for coining bullion
fee - a fixed charge for a privilege or for professional services


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The second component is the Federal Reserve's monopoly over the supply of base money, which enables it to be used as a fiscal instrument to generate seinorage revenues.
 
 
 
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