agio
a premium on money in exchange.
an allowance for the difference in value of two currencies.
an allowance given or taken on bills of exchange from other countries, as to balance exchange expenses.
Origin of agio
1Words Nearby agio
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use agio in a sentence
The agio is variable, but is supposed to be constant in this table for the purpose of calculation.
Letters of David Ricardo to Thomas Robert Malthus, 1810-1823 | David RicardoFor they received agio on their money, and by sending it in the form of merchandise, reaped a second profit.
The Two First Centuries of Florentine History | Pasquale VillariIn so far as substitution is possible, there is no room for an agio.
The Value of Money | Benjamin M. Anderson, Jr.It is not the legal peculiarity of money, as legal tender, which is necessarily responsible for this agio when it appears.
The Value of Money | Benjamin M. Anderson, Jr.The legal tender peculiarity may, however, in special circumstances be a source of a very considerable temporary agio.
The Value of Money | Benjamin M. Anderson, Jr.
British Dictionary definitions for agio
/ (ˈædʒɪəʊ) /
the difference between the nominal and actual values of a currency
the charge payable for conversion of the less valuable currency
a percentage payable for the exchange of one currency into another
an allowance granted to compensate for differences in currency values, as on foreign bills of exchange
an informal word for agiotage
Origin of agio
1Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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