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Definitions from WordNet

Definitions from the Web

Term: Agiotage

Part of Speech: Noun

Definition:

Agiotage refers to the speculative buying and selling of stocks, securities, or currencies in order to profit from short-term variations in their prices. It involves seeking a quick profit by taking advantage of fluctuations in the market.

Sample Sentence:

The agiotage in the foreign exchange market led to a significant increase in the value of the country's currency.

Part of Speech: Noun

Definition:

Agiotage can also refer to the commission or fee charged by money changers or brokers for exchanging currencies. It is the compensation received for the exchange service provided.

Sample Sentence:

The agiotage charged by the currency exchange booth at the airport was quite high, so it's better to find a better rate elsewhere.