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agio
[ aj-ee-oh ]
noun
- a premium on money in exchange.
- an allowance for the difference in value of two currencies.
- an allowance given or taken on bills of exchange from other countries, as to balance exchange expenses.
agio
/ ˈædʒɪəʊ /
noun
- the difference between the nominal and actual values of a currency
- the charge payable for conversion of the less valuable currency
- a percentage payable for the exchange of one currency into another
- an allowance granted to compensate for differences in currency values, as on foreign bills of exchange
- See agiotagean informal word for agiotage
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Word History and Origins
Origin of agio1
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Word History and Origins
Origin of agio1
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Example Sentences
The agio is variable, but is supposed to be constant in this table for the purpose of calculation.
For they received agio on their money, and by sending it in the form of merchandise, reaped a second profit.
In so far as substitution is possible, there is no room for an agio.
It is not the legal peculiarity of money, as legal tender, which is necessarily responsible for this agio when it appears.
The legal tender peculiarity may, however, in special circumstances be a source of a very considerable temporary agio.
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