from The American Heritage® Dictionary of the English Language, 4th Edition
- n. Revenue or a profit taken from the minting of coins, usually the difference between the value of the bullion used and the face value of the coin.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. All the revenue obtained by a feudal lord from his vassals.
- n. The revenue obtained directly by minting coin (difference between cost of metal and face value).
- n. 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.
from the GNU version of the Collaborative International Dictionary of English
- 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.
from The Century Dictionary and Cyclopedia
- n. Something claimed by the sovereign or by a superior as a prerogative; specifically, an ancient royalty or prerogative of the crown, whereby it claimed a percentage upon bullion brought to the mint to be coined or to be exchanged for coin; the difference between the cost of a mass of bullion and the face-value of the pieces coined from it.
- n. A royalty; a share of profit; especially, the money received by an author from his publisher for copyright of his works.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. charged by a government for coining bullion
In fact, this new model brought two main advantages to the US: in on hand the revenues from the money creation itself called seigniorage and on the other hand the possibility to hold a trade deficit for a very long time.
This gain, called seigniorage, is an implicit tax on the people's cash balances.
The problem with this second option, he points out, is that in a highly developed financial system such as ours, the federal government's gain from printing money, what economists call seigniorage, is quite small.
Dollarized Latins would lose control over their own interest rates and be hit with hefty bills known as seigniorage, a kind of fee countries pay for using someone else's money.
(Extracting profits from the manufacturing of money is called seigniorage, after seigneur -- "lord" in French.)
The savings projected by the office come from the fact coins and bills cost less than their face value to make, so the government gains value, known as seigniorage, with each one produced.
The savings projected by the office come from the fact that coins and bills cost less than their face value to make, so the government gains value, known as seigniorage, with each one produced.
Though not often discussed in polite company, seigniorage, that is, the ability to coin or print cash (the right held by a feudal seigneur) and have other folks hold it, is valuable: Those who hold the $100 bills have, for many, many years, been providing a substantial loan to the U.S. government -- and it's interest free!
However in September 1988, amidst excessive printing of the currency by the government to fund expenditures (a practice known as seigniorage) monthly inflation soared to 132\%.
(called seigniorage) from the difference between the commodity value of the token (nil) and its monetary value ($1, $5, … $100 … depending on the denomination of the paper note).