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. [1913 Webster]

To think it not the necessity, but the premium and privilege of life, to eat and sleep without any regard to glory. --Burke. [1913 Webster]

The law that obliges parishes to support the poor offers a premium for the encouragement of idleness. --Franklin. [1913 Webster]

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. [1913 Webster]

People were tempted to lend, by great premiums and large interest. --Swift. [1913 Webster]

3. A sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind. [1913 Webster]

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. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

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  • premiums — pre·mi·um || prɪːmɪəm n. supplementary charge, additional charge; amount paid for insurance; prize, reward; tuition …   English contemporary dictionary

  • Premiums — 1) See Royalties 2) Bridge All scores other than for odd tricks …   The official rules of card games glossary

  • premiums written — An accounting term in the insurance business, meaning the amount of premiums for insurance written during the accounting period, subject to deductions for premiums returned to policyholders and risks reinsured …   Ballentine's law dictionary

  • Gross premiums written — When a non life insurance company closes a contract to provide insurance against loss, the revenues (premiums) expected to be received over the life of the contract are called gross premiums written. Insurance companies often purchase reinsurance …   Wikipedia

  • Medicare Part B Premiums — A monthly fee that Medicare participants pay for medical insurance to cover services not covered in Medicare Part A. By contrast, Medicare Part A, or hospital insurance, does not require most people to pay a premium. Medicare Part B premiums are… …   Investment dictionary

  • future premiums — As the term appears in a waiver of premiums clause in an accident insurance policy:–all premiums which the insurer would otherwise be entitled to demand after the commencement of the disability of the insured. 29 Am J Rev ed Ins § 581 …   Ballentine's law dictionary

  • wearing away of premiums — The gradual diminution of the premiums at which government and other bonds and securities are sold in the market, toward their par value, as the time of the maturity of the securities approaches …   Ballentine's law dictionary

  • Marques premiums — Positionnement Le positionnement est le choix d attributs procurant à des offres (produits, marques ou enseigne) une position crédible, différente et attractive au sein d’un marché et dans l’esprit des clients. Dans le cadre de la stratégie… …   Wikipédia en Français

  • Term premiums — Excess of the yields to maturity on long term bonds over those of short term bonds. The New York Times Financial Glossary …   Financial and business terms

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