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A.Word.A.Day--agio

Pronunciation RealAudio

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).]

See more usage examples of agio in Vocabulary.com's dictionary.

"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.

X-Bonus

Love truth, but pardon error. -Voltaire, philosopher and writer (1694-1778)

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