seigniorage


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seign·ior·age

 (sān′yər-ĭj)
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

or

seignorage

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

sei•gnior•age

or sei•gnor•age

(ˈsin yər ɪdʒ, ˈseɪn-)

n.
1. something claimed by a sovereign or superior as a prerogative.
2. a charge on bullion brought to the mint to be coined.
[1400–50; late Middle English seigneurage < Middle French seignorage, seigneurage; see seigneur, -age]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.seigniorage - charged by a government for coining bullion
fee - a fixed charge for a privilege or for professional services
Translations
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References in periodicals archive ?
(2) In the 1890s, the Imperial Treasury rejected compromise proposals to allow the British West Indian and British West African colonies to share in the seigniorage profits arising from their use of British coin (Rowan 1954, pp.
Seigniorage is essentially a tax on every dollar accepted anywhere as an interest-free loan to the Treasury.
Yet another factor that plays into future cost savings is seigniorage revenue, which comes from the difference between the face value of a coin or note and its production costs (See the sidebar).
The difference between the face value of coins and the costs of minting them results in earnings, called seigniorage, which is shown in the budget as a reduction in needed borrowing for the government, after the deficit or surplus for the year is calculated.
At "feudal mints" in the Middle Ages and later at locally "patented" mints, citizens were charged a percentage fee, called "seigniorage," for the assaying and imprinting of gold and silver.
That's because of what's called seigniorage - the difference between what it costs to produce an item of currency and its face value.
The inflation-prone countries would gain from greater financial discipline because the revenue from 'seigniorage' (i.e.
In addition to revenue losses and higher debt servicing costs, many of the emerging market economies in our core sample--particularly the group with a default history--had traditionally relied on revenue from seigniorage to finance a nontrivial fraction of their fiscal deficits.
Another study considers a model where countries with a more unstable and polarised political system have more inefficient tax structures and, thus, rely more heavily on seigniorage (Cukierman, Edwards and Tabellini, 1992).
Finally, in Part III, they introduce fiscal policy to study how deficits, the national debt, open market operations and seigniorage affect the functioning of the economy.
government earns approximately $25 billion annually in seigniorage, approximately 1.5% of total revenue.
What might worry a central bank the most, especially if the substitution is substantial, is the loss of "seigniorage."(8) If the adoption of e-money was extensive enough, the loss of seigniorage could become a concern to central banks, which may become more dependent on other sources of revenue.