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seigniorage
seign·ior·age [ sáynyərij ]


noun 
Definition:
 
profit from minting coins: the profit represented by the difference between the value of bullion and the face value of the coins minted from it
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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