agio
Pronunciation
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.004
Pronunciation
- IPA: /ˈæ.dʒoʊ/, /ˈɑː.dʒoʊ/, /ˈæ.dʒiˌoʊ/
agio (plural agios)
- (economics, finance) The premium or percentage on a better sort of money when it is given in exchange for an inferior sort. The premium or discount on foreign bills of exchange is sometimes called agio.
- 1989, Isaac Levy, translator, The Pentateuch (translation of, Samson Raphael Hirsch, Der Pentateuch, ubersetzt und erlautert), second edition, volume 2, Exodus, Judaica Press, ISBN 0910818126, page 582 (commentary to Exodus 30:16),
- Owing to the enormous number of half-shekel coins required each year in Adar, these were greatly in demand, and the money-changers made a small fixed charge of an agio for changing whole into half shekels.
- 1776, Adam Smith, An inquiry into the nature and causes of the wealth of nations, [https://web.archive.org/web/20080307202551/http://oll.libertyfund.org/index.php?option=com_staticxt&staticfile=show.php%3Ftitle=220&Itemid=28].
- The money of such banks being better than the common currency of the country, necessarily bore an agio, which was greater or smaller, according as the currency was supposed to be more or less degraded below the standard of the state.
- 1989, Isaac Levy, translator, The Pentateuch (translation of, Samson Raphael Hirsch, Der Pentateuch, ubersetzt und erlautert), second edition, volume 2, Exodus, Judaica Press, ISBN 0910818126, page 582 (commentary to Exodus 30:16),
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.004