PUNCH n.
f wine or distilled liquor, water (or milk), sugar, and the juice of lemon, with spice or mint; -- specifically named from the kind of spirit used; as rum punch, claret punch, champagne punch, etc. Milk punch, a sort of punch made with spirit, milk, sugar, spice, etc. -- Punch bowl, a large bowl in which punch is made…
SEIGNIORAGE n.
sovereign prerogative; specifically, a charge or toll deducted from bullion brought to a mint to be coined; the difference between the cost of a mass of bullion and the value as money of the pieces coined from it. If government, however, throws the expense of coinage, as is reasonable, upon the holders, by making a ch…