agio
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agio
(ˈædʒɪəʊ)n, pl -ios
1. (Banking & Finance)
a. the difference between the nominal and actual values of a currency
b. the charge payable for conversion of the less valuable currency
2. (Banking & Finance) a percentage payable for the exchange of one currency into another
3. (Banking & Finance) an allowance granted to compensate for differences in currency values, as on foreign bills of exchange
4. (Banking & Finance) an informal word for agiotage
[C17: from Italian, literally: ease]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
agio
1. the exchange rate between the currencies of different nations.
2. the fee paid to effect an exchange of currency. See also agiotage.
See also: Finance2. the fee paid to effect an exchange of currency. See also agiotage.
-Ologies & -Isms. Copyright 2008 The Gale Group, Inc. All rights reserved.
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Noun | 1. | ![]() charge - the price charged for some article or service; "the admission charge" |
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