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English Dictionary      examples: 'day', 'get rid of', 'New York Bay'




Seigniorage   Listen
noun
Seigniorage  n.  
1.
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. "If government, however, throws the expense of coinage, as is reasonable, upon the holders, by making a charge to cover the expense (which is done by giving back rather less in coin than has been received in bullion, and is called "levying a seigniorage"), the coin will rise to the extent of the seigniorage above the value of the bullion."
2.
A share of the receipts of a business taken in payment for the use of a right, as a copyright or a patent.






Collaborative International Dictionary of English 0.48








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"Seigniorage" Quotes from Famous Books



... bullet supplant the ballot in the irrepressible conflict between the Cormorant and the Commune! And what are we doing to avert the danger? Distributing a little dole and preaching patience to starving people; quarreling about the advisability of "counting a quorum" or coining a little silver seigniorage; wrangling over the "rights" of a mid-Pacific prostitute to rule Celts and Saxons, and trying to so "reform" the tariff that it will yield more revenue with less taxation! We are bowing down before various pie-hunting ...
— Volume 12 of Brann The Iconoclast • William Cowper Brann



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