agio (Noun) 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.
agio (n.) 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.
Chambers DictionaryChamber's 20th Century Dictionary📕
agio ā′ji-o, n. the difference between the
real and nominal value of money, or between metallic and paper money: the
variations from fixed pars or rates of exchange: discount. [It.
agio, aggio, ease, convenience.]
Sailor's Word-BookThe Sailor's Word-Book⛵
agio An Italian word, applied to denote the profit arising from discounting bills; also the difference between the value of bank-stock and currency.
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