|About | Media | Search | Contact|
agio (AJ-ee-o) noun
1. The charge for exchanging currency.
2. The premium or percentage when paying in a foreign currency to compensate for the exchange cost.
3. Foreign exchange business.
[From Italian agio (ease, convenience).]
"The second volume concentrated on the concept and nature of capital, concluding with a book about the concept of the agio." Donna M Kish-Goodling; Using The Merchant of Venice in Teaching Monetary Economics; College Teaching (Washington, DC); Spring 1999.
This week's theme: words from the 2005 Spelling Bee.
Love truth, but pardon error. -Voltaire, philosopher and writer (1694-1778)