agio

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A.r. for unison, two or four part chorus by N.A. M. A.agio (con espressione)

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Definitions (6)

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  1. A commercial term in use, principally on the continent of Europe, to denote—
  2. The rate of exchange between the currencies of two countries, as between those of Italy and the United States.
  3. The percentage of difference in the value of (1) two metallic currencies, or (2) a metallic and a paper currency of the same denomination, in the same country; hence, premium on the appreciated currency, and disagio, or discount, on the depreciated one. Six years ago this kinsatsu [Japanese paper currency] stood at par and was even preferred by the natives to the gold and silver currency; now, from 40% to 45% agio is paid. Rein, Japan, p. 382.

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Examples (39)

  • This was the essence of commercial banking since the 13 agio - a foreign exchange premium - to be charged as the main financial loophole around the Church's prohibitions against usury. —  GlobalResearch.ca
  • It was permissible for bankers to charge a foreign-exchange agio premium (that typically included an interest charge in practice), as long as the charge could be justified by their own labor and related outlays to provide money-transfer and loans. —  GlobalResearch.ca
  • Boehm-Bawerk then takes on a number of new competitors to the Austrian theory: The agio theory, use theories, the abstinence theory, the labor theory, the productivity theory, the exploitation theory, and the eclectics. —  Mises Dailies
  • All the supplies were granted, and among other articles, the sum of two-and-twenty thousand six hundred and ninety-four pounds, seven shillings and sixpence, for the agio or difference of the subsidies payable to the crown of Denmark, in pursuance of the treaty subsisting between the late king and that monarch; but this was not obtained without a violent dispute. —  The History of England in Three Volumes, Vol.II. From William and Mary to George II.
  • This game was called 'agio'. —  Court Memoirs of France Series — Complete
 

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Etymologies (1)

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  1. from Fr. agio, from Italian agio, usually in this sense spelled aggio, exchange, premium, the same word as agio, ease: see adagio and ease.
 

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