seignorage

seigniorage

[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, seignorage.


Origin:
1400–50; late Middle English seigneurage < Middle French seignorage, seigneurage; see seigneur, -age

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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

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