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agio

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ag⋅i⋅o

  [aj-ee-oh]
Use agio in a Sentence
–noun, plural -os.
1. a premium on money in exchange.
2. an allowance for the difference in value of two currencies.
3. an allowance given or taken on bills of exchange from other countries, as to balance exchange expenses.
4. agiotage.
Origin:
1675–85; < It a(g)gio exchange, premium, ult. < MGk allágion, deriv. of Gk allágē lit., change, barter; cf. Venetian azo, ML lazius
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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