From: Wordsmith <wsmith@wordsmith.org> To: linguaphile@wordsmith.org Reply-To: anu@wordsmith.org Subject: A.Word.A.Day--seigniorage Date: Wed, 5 Jun 1996 00:51:14 -0400
sei.gnior.age or sei.gnor.age \'sa-n-y*-rij\ n [ME seigneurage, fr. MF, right of the lord (esp. to coin money), fr. s]eigneur : a government revenue from the manufacture of coins calculated as the difference between the monetary and the bullion value of the silver contained in silver coins
1996 MARK BERNKOPF, Electronic Cash and Monetary Policy, "The widespread adoption of electronic cash would deprive Federal authorities of a substantial amount of seignorage, the margin between the face value of currency issued, and the costs of issuing that currency. In 1994, the Federal Reserve turned about $20 billion in seignorage over to the Treasury."
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