Agio
[ædʒiәu]
Definition
(n.) The premium or percentage on a better sort of money when it is given in exchange for an inferior sort. The premium or discount on foreign bills of exchange is sometimes called agio.
Typist: Nora
Synonyms and Synonymous
n. (Com.) Premium.
Typist: Mason
Definition
n. the difference between the real and nominal value of money or between metallic and paper money: the variations from fixed pars or rates of exchange: discount.
Inputed by Edna
Examples
- If the agio of the bank, however, should at any time fall to three per cent. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The difference between them is called the agio of the bank, which at Amsterdam is generally about five per cent. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- It is upon this account, they say, the bank money sells for a premium, or bears an agio of four or five per cent. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- In consequence of this resolution, the agio can never either rise above five, or sink below four per cent. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- But the agio of the bank being now generally about five per cent. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The agio of the bank of Hamburg, for example, which is said to be commonly about fourteen per cent. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- It was wonderful to hear him talk about millions, and agios, and discounts, and what Rothschild was doing, and Baring Brothers. William Makepeace Thackeray. Vanity Fair.
Checked by Carlton