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seigniorage
(redirected from Seniorage)

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 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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In Armenia several traditional measures, like central bank lending to the government or the share of seniorage in GDP indicate that fiscal dominance is not an issue.
The valuable seniorage rights of the nation have been handed over to private banks by the tolerance of a practice known as Fractional Reserve Banking.
These are countries in which the use of foreign currencies is so widespread that seniorage losses are substantial.
 
 
 
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