Definition, Meaning & Synonyms
agio
Noun
/ˈeɪ.dʒi.oʊ/
Definition
A premium or extra amount paid, especially in financial contexts.
Examples
- The bank charged an agio for converting euros to dollars.
- Investors were aware of the agio involved when trading rare coins.
- Before making the transaction, he checked the agio on the foreign exchange rates.
Meaning
Agio refers to the additional amount paid over the nominal value of something, particularly in currency exchange or financial transactions.
Synonyms
- premium
- markup
- overage