GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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15:17 Nov 20, 2017 |
Polish to English translations [PRO] Law/Patents - Law: Taxation & Customs | |||||||
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| Selected response from: Frank Szmulowicz, Ph. D. United States Local time: 19:10 | ||||||
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Summary of answers provided | ||||
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3 | seigniorage |
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seigniorage Explanation: seign·ior·age profit made by a government by issuing currency, especially the difference between the face value of coins and their production costs. historical the Crown's right to a percentage on bullion brought to a mint for coining https://www.google.com/search?q=seigniorage&oq=seigniorage&a... -------------------------------------------------- Note added at 9 mins (2017-11-20 15:26:07 GMT) -------------------------------------------------- cccccccccc Seigniorage /ˈseɪnjərɪdʒ/, also spelled seignorage or seigneurage (from Old French seigneuriage "right of the lord (seigneur) to mint money"), is the difference between the value of money and the cost to produce and distribute it. The term can be applied in the following ways: Seigniorage derived from specie—metal coins—is a tax, added to the total price of a coin (metal content and production costs), that a customer of the mint had to pay to the mint, and that was sent to the sovereign of the political area.[1] Seigniorage derived from notes is more indirect, being the difference between interest earned on securities acquired in exchange for bank notes and the costs of producing and distributing those notes.[2] The term also applies to monetary seignorage, where sovereign-issued securities are exchanged for newly minted bank notes by a central bank, thus allowing the sovereign to 'borrow' without needing to repay.[3] However, monetary seignorage refers to the sovereign revenue obtained through routine debt monetization, including expanding the money supply during GDP growth and meeting yearly inflation targets.[3] Seigniorage is a convenient source of revenue for some governments. By providing the government with increased purchasing power at the expense of the public's purchasing power, it imposes what is metaphorically known as an inflation tax on the public. https://en.wikipedia.org/wiki/Seigniorage cccc Renta emisyjna[edytuj] Renta emisyjna, inaczej renta z monopolu emisyjnego lub seniorat, jest to realna wartość zasobów państwa pozyskanych dzięki posiadanemu monopolowi na emisję pieniądza. Państwo jest jedynym organem, który posiada prawo do emisji, a koszty produkcji pieniądza (druku i bicia monet) nie są równoważne z jego późniejszą wartością. Jeżeli realny popyt na pieniądz https://pl.wikipedia.org/wiki/Renta_emisyjna |
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