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seignorage (E4)<br />1 The levy charged by states for converting precious metals into coins (the UK abolished that charge in 1666).<br /> 2 The net earnings received by a country with a RESERVE CURRENCY from the assets it acquires through other countries holding its currency.<br /> 3 The revenue, net of the cost of production, gained from issuing banknotes or another form of currency. Seignorage is a major source of government revenue in high-inflation economies as a government can finance its deficits by creating more money.<br /><em>See also:</em> free banking
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<strong>Due diligence</strong> – The collection procedures required to attempt to satisfactorily resolve a delinquency and prevent a default in accordance with federal regulations.
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inheritance tax (H2)<br />A tax on WEALTH transferred after the decease of an individual person. This tax aims to raise revenue and bring about an intergenerational shift in wealth distribution. Inheritance taxes have long had their advocates, e.g. John Stuart MILL, as a major method of reducing INEQUALITY in society.
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