📚 noun • entry_id 10223
agio
/ˈæ.d͡ʒoʊ/
Meanings (ES + gloss)
agio
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, →ISB…
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 m…
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