Definition of Siegniorage
Seign"ior*age (?), n. [F.
seigneuriage, OF. seignorage.] 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. J.
S. Mill.
2. A share of the receipts of a business taken
in payment for the use of a right, as a copyright or a
patent.
Seign"ior*age (?), n. [F.
seigneuriage, OF. seignorage.] 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. J.
S. Mill.
2. A share of the receipts of a business taken
in payment for the use of a right, as a copyright or a
patent.
- Webster's Unabridged Dictionary (1913)
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