SEIGNIORAGE

Seigniorage

Seigniorage is the difference between the value of money and the cost to produce and distribute it. The term can be applied in the following ways:

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seigniorage

Noun

  1. All the revenue obtained by a feudal lord from his vassals.
  2. The revenue obtained directly by minting coin (difference between cost of metal and face value).
  3. 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.


The above text is a snippet from Wiktionary: seigniorage
and as such is available under the Creative Commons Attribution/Share-Alike License.

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