Seniorat

English translation: seigniorage

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Polish term or phrase:Seniorat
English translation:seigniorage
Entered by: Frank Szmulowicz, Ph. D.

15:17 Nov 20, 2017
Polish to English translations [PRO]
Law/Patents - Law: Taxation & Customs
Polish term or phrase: Seniorat
Seniorat (senioraż, renta emisyjna, renta mennicza) jest to dochód z tytułu emisji pieniądza przez bank centralny, który posiada monopol na produkcję środków pieniężnych.

Seniorat jest źródłem przychodów publicznych (zwłaszcza w okresie wysokiej inflacji) i finansuje deficyt budżetowy w sposób bezpośredni lub pośrednio przez inwestycje na rynku pieniężnym. Finansowanie bezpośrednie oznacza, że Ministerstwo Finansów wystawia czek na bank centralny, zaciągając bezpośrednio pożyczkę i kreując tym samym bazę monetarną. Taki sam efekt uzyskuje się, kiedy bank centralny kupuje krótkoterminowe weksle skarbowe.

Dochody z senioratu mogą być użyte na finansowanie bieżących wydatków rządu i banku centralnego, bądź na akumulację aktywów sektora rządowego (jeśli bank centralny wykorzystuje swoje dochody do zmniejszenia zadłużenia rządu wobec sektora prywatnego i zagranicy).
Víctor Quero
Spain
Local time: 00:10
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...

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Note added at 9 mins (2017-11-20 15:26:07 GMT)
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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

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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
Selected response from:

Frank Szmulowicz, Ph. D.
United States
Local time: 19:10
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
3seigniorage
Frank Szmulowicz, Ph. D.


  

Answers


5 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
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

Frank Szmulowicz, Ph. D.
United States
Local time: 19:10
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 35
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