seigniorage

noun sei·gnior·age \ˈsān-yə-rij\

Definition of SEIGNIORAGE

: a government revenue from the manufacture of coins calculated as the difference between the face value and the metal value of the coins

sei·gnior·age or sei·gnor·age \ˈsān-yə-rij\

Middle English seigneurage, from Anglo-French seignurage right of the lord (especially to coin money), from seignur

First Known Use: 15th century

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