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.