seigniorage

[seen-yer-ij]

seign·ior·age

[seen-yer-ij]
noun
1.
something claimed by a sovereign or superior as a prerogative.
2.
a charge on bullion brought to the mint to be coined.
3.
the difference between the cost of the bullion plus minting expenses and the value as money of the pieces coined, constituting a source of government revenue.
Also, seign·or·age.


Origin:
1400–50; late Middle English seigneurage < Middle French seignorage, seigneurage; see seigneur, -age
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Seigniorage is always a great word to know.
So is quincunx. Does it mean:
an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle.
a chattering or flighty, light-headed person.
Collins
World English Dictionary
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

Collins English Dictionary - Complete & Unabridged 10th Edition
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