seigniorage

IPA: signˈiɝɪdʒ

noun

  • (historical) All the revenue obtained by a feudal lord from his vassals.
  • (money) The revenue obtained directly by minting coin (difference between face value and cost of metal).
  • (finance) The revenue obtained by the difference between interest earned on securities acquired in exchange for bank notes and the costs of producing and distributing those notes.
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Examples of "seigniorage" in Sentences

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