agio definition

  • noun:
    • The advanced or portion on a better type of money when it is provided in exchange for an inferior type. The premium or discount on foreign expenses of trade can be called agio.
    • The premium or percentage on a significantly better sort of cash when it is given in return for an inferior sort. The premium or rebate on international bills of trade may also be called agio.
    • A commercial term used, principally on the continent of European Countries, to denote—
    • The price of exchange between the currencies of two countries, as between those of Italy in addition to US.
    • The percentage of difference in the worthiness of two metallic currencies, or a metallic and a paper currency of the identical denomination, in the same country; hence, premium from the appreciated currency, and disagio, or discount, from the depreciated one.
    • An allowance made in some places for deterioration of coins, such as Amsterdam, Hamburg, etc.
    • a fee charged for exchanging currencies

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