ˈa(ˌ)jō, ˈajēˌō, ˈä(ˌ)jō noun
( -s )
Etymology: Italian aggio, agio, alteration (by false word division, l being taken as the def. article) of Italian dialect lajjë, from Middle Greek allagion exchange, from Greek allagē change, exchange, from allos other — more at else
1.
a. : a premium or percentage paid for the exchange of one currency for another (as where gold is given for silver or metallic for paper currency)
b. : the premium or discount on foreign bills of exchange
2. : money changing