Progression

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).]

Today's word in Visual Thesaurus: http://visualthesaurus.com/?w1=agio

"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.

Permalink:
http://wordsmith.org/words/agio.html

Posted by Keya at June 10, 2005 07:06 PM