Seigniorage in United States
Seigniorage Definition
A royalty or prerogative of the sovereign, whereby an allowance of gold and silver, brought in the mass (according to the definition of Seigniorage based on the The Cyclopedic Law Dictionary) to be exchanged for coin, is claimed. In the United States. The mint charge for coining bullion.
Seigniorage in the Federal Budget Process
Meaning of Seigniorage in the congressional and executive budget processes (GAO source): The difference between the face value of minted circulating coins and the cost of their production, including the cost of metal used in the minting and the cost of transporting the coins to Federal Reserve Banks for distribution to the public. Seigniorage reflects an increase in the value of government assets when coinage metal is converted to a coin whose face value is higher than the cost of the metal. Seigniorage arises from the government’s exercise of its monetary powers. In contrast to receipts from the public, seigniorage involves no corresponding payment by another party. For budget reporting purposes, seigniorage is excluded from receipts and treated as a means of financing a deficit—other than borrowing from the public—or as a supplementary amount that can be applied to reduce debt or to increase the Treasury’s cash. The budget includes an estimate of receipts (offsetting collections) equal to the cost of manufacturing and distributing circulating coins, including a charge for capital. (See also Means of Financing.)
Seigniorage in Foreign Legal Encyclopedias
| Link | Description |
|---|---|
| Seigniorage | Seigniorage in the World Legal Encyclopedia. |
| Seigniorage | Seigniorage in the European Legal Encyclopedia. |
| Seigniorage | Seigniorage in the Asian Legal Encyclopedia. |
| Seigniorage | Seigniorage in the UK Legal Encyclopedia. |
| Seigniorage | Seigniorage in the Australian Legal Encyclopedia. |
Browse the American Encyclopedia of Law for Seigniorage
Scan Seigniorage in the appropriate area of law:
| Link | Description |
|---|---|
| Seigniorage | Seigniorage in the Family Law Portal of the American Encyclopedia of Law. |
| Seigniorage | Seigniorage in the IP Portal of the American Encyclopedia of Law. |
| Seigniorage | Seigniorage in the Commercial Law Portal of the American Encyclopedia of Law. |
| Seigniorage | Seigniorage in the Criminal Law Portal of the American Encyclopedia of Law. |
| Seigniorage | Seigniorage in the Antritrust Portal of the American Encyclopedia of Law. |
| Seigniorage | Seigniorage in the Bankruptcy Law Portal of the American Encyclopedia of Law. |
| Seigniorage | Seigniorage in the Constitutional Law Portal of the American Encyclopedia of Law. |
| Seigniorage | Seigniorage in the Tax Law Portal of the American Encyclopedia of Law. |
| Seigniorage | Seigniorage in the and Finance and Banking Portal of the American Encyclopedia of Law. |
| Seigniorage | Seigniorage in the Employment and Labor Portal of the American Encyclopedia of Law. |
| Seigniorage | Seigniorage in the Personal Injury and Tort Portal of the American Encyclopedia of Law. |
| Seigniorage | Seigniorage in the Environmental Law Portal of the American Encyclopedia of Law. |
Explore other Reference Works
| Resource | Description |
|---|---|
| Seigniorage in the Dictionaries | Seigniorage in our legal dictionaries |
| http://lawi.us/seigniorage | The URI of Seigniorage (more about URIs) |
| Seigniorage related entries | Find related entries of Seigniorage |
Legal Issue for Attorneys
A royalty or prerogative of the sovereign, whereby an allowance of gold and silver, brought in the mass to be exchanged for coin, is claimed. In the United States. The mint charge for coining bullion.
Resources
See Also
- Federal Appropriations
- Entries about the United States Budget Process in the Encyclopedia (including Seigniorage)
- Public Debt
Further Reading
- Legislatures and the budget process: the myth of fiscal control (J Wehner, 2010)
- Reconcilable Differences?: Congress, the Budget Process, and the Deficit (JB Gilmour, 1990)
- Fiscal institutions and fiscal performance(JM Poterba, J von Hagen, 2008)
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