Seigniorage

[si:njәridʒ]

Definition

(noun.) charged by a government for coining bullion.

Editor: Segre--From WordNet

Definition

(n.) Something claimed or taken by virtue of sovereign prerogative; specifically, a charge or toll deducted from bullion brought to a mint to be coined; the difference between the cost of a mass of bullion and the value as money of the pieces coined from it.

(n.) A share of the receipts of a business taken in payment for the use of a right, as a copyright or a patent.

Edited by Jeanne

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