The advanced or portion on an improved kind of cash if it is given in return for a substandard kind The advanced or rebate on foreign bills of trade is sometimes known as agio
- a fee charged for exchanging currencies
- The premium or percentage on a better kind of money when it is provided in exchange for a substandard type. The advanced or discount on international expenses of trade is sometimes called agio.
In commercial law. A phrase accustomed show the difference in point of value between metallic and paper cash, or between one sort of metallic cash and another. McCul. Eating Plan.
- capital surplus [Am.] [agio]
(n.) The premium or portion on a significantly better sort of money if it is provided in exchange for an inferior kind. The advanced or discount on foreign bills of trade is sometimes known as agio.
In financial matters they advocated the introduction of a gold standard and the removal of the agio on gold, also the introduction of foreign capital to develop industries in the country; and as regards foreign policy, they were strong advocates of intimate and friendly relations with Austria-Hungary.