Definition of PREMIU. Meaning of PREMIU. Synonyms of PREMIU
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Definition of PREMIU
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Premium Premium Pre"mi*um, n.; pl. Premiums. [L. praemium,
originally, what one has got before or better than others;
prae before + emere to take, buy. See Redeem.]
1. A reward or recompense; a prize to be won by being before
another, or others, in a competition; reward or prize to
be adjudged; a bounty; as, a premium for good behavior or
scholarship, for discoveries, etc.
To think it not the necessity, but the premium and
privilege of life, to eat and sleep without any
regard to glory. --Burke.
The law that obliges parishes to support the poor
offers a premium for the encouragement of idleness.
--Franklin.
2. Something offered or given for the loan of money; bonus;
-- sometimes synonymous with interest, but generally
signifying a sum in addition to the capital.
People were tempted to lend, by great premiums and
large interest. --Swift.
3. A sum of money paid to underwriters for insurance, or for
undertaking to indemnify for losses of any kind.
4. A sum in advance of, or in addition to, the nominal or par
value of anything; as, gold was at a premium; he sold his
stock at a premium.
Premiums Premium Pre"mi*um, n.; pl. Premiums. [L. praemium,
originally, what one has got before or better than others;
prae before + emere to take, buy. See Redeem.]
1. A reward or recompense; a prize to be won by being before
another, or others, in a competition; reward or prize to
be adjudged; a bounty; as, a premium for good behavior or
scholarship, for discoveries, etc.
To think it not the necessity, but the premium and
privilege of life, to eat and sleep without any
regard to glory. --Burke.
The law that obliges parishes to support the poor
offers a premium for the encouragement of idleness.
--Franklin.
2. Something offered or given for the loan of money; bonus;
-- sometimes synonymous with interest, but generally
signifying a sum in addition to the capital.
People were tempted to lend, by great premiums and
large interest. --Swift.
3. A sum of money paid to underwriters for insurance, or for
undertaking to indemnify for losses of any kind.
4. A sum in advance of, or in addition to, the nominal or par
value of anything; as, gold was at a premium; he sold his
stock at a premium.
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