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agio
[ aj-ee-oh ]
noun
, plural ag·i·os.
- 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.
agio
/ ˈædʒɪəʊ /
noun
- 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
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Word History and Origins
Origin of agio1
1675–85; < Italian a ( g ) gio exchange, premium, ultimately < Medieval Greek allágion, derivative of Greek allágē literally, change, barter; compare Venetian azo, Medieval Latin lazius
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Word History and Origins
Origin of agio1
C17: from Italian, literally: ease
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Example Sentences
The agio is variable, but is supposed to be constant in this table for the purpose of calculation.
From Project Gutenberg
For they received agio on their money, and by sending it in the form of merchandise, reaped a second profit.
From Project Gutenberg
In so far as substitution is possible, there is no room for an agio.
From Project Gutenberg
It is not the legal peculiarity of money, as legal tender, which is necessarily responsible for this agio when it appears.
From Project Gutenberg
The legal tender peculiarity may, however, in special circumstances be a source of a very considerable temporary agio.
From Project Gutenberg
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