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Q: word for a definition ( Answered 5 out of 5 stars,   1 Comment )
Subject: word for a definition
Category: Reference, Education and News
Asked by: imswanee-ga
List Price: $2.00
Posted: 15 Jun 2005 13:23 PDT
Expires: 15 Jul 2005 13:23 PDT
Question ID: 533643
What is the word for when a government makes money when their currency is collected.

Request for Question Clarification by czh-ga on 15 Jun 2005 14:53 PDT
Collected by whom? Are you asking about what is the term for a
government collecting money from its citizens? If yes, how about
Subject: Re: word for a definition
Answered By: richard-ga on 15 Jun 2005 19:13 PDT
Rated:5 out of 5 stars
Hello and thank you for your question.

The word is "seigniorage"
Seigniorage is the net revenue derived from the issuing of coins or
bank notes. It arises from the (often substantial) difference between
the face value of a coin or bank note and the cost of producing and
distributing it.

Google Answers Researcher
imswanee-ga rated this answer:5 out of 5 stars

Subject: Re: word for a definition
From: waukon-ga on 15 Jun 2005 16:25 PDT
The word "seigniorage" comes to mind. M-W defins this as "government
revenue from the manufacture of coins calculated as the difference
between the face value and the metal value of the coins".

The term is also used when speaking of unredeemed currency when
certain coins or paper currency is demonetized. Were the US to stop
minting pennies, announcing that after a certain date they would no
longer be legal money, all those lost and unredeemed pennies can then
be counted as revenue.

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