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Definition of Premium
Pre´mi`um | n. | 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. | | 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. | | 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. |
Related Words
Trinkgeld, abatement, agio, allowance, appreciation, at a premium, award, bait, bank discount, bank rate, bonus, bonus system, bounty, breakage, bribe, carrot, cash discount, chain discount, charge-off, come-on, compensatory interest, compound interest, concession, consideration, costly, cut, dear, dear-bought, decoration, deduction, depreciation, discount, discount rate, dividend, donative, double time, drawback, exceptional, exorbitant interest, expensive, extra, extra added attraction, extra dash, fancy, fee, filigree, filling, fillip, flourish, freebie, frill, fringe benefit, goad, gratuity, gravy, grease, gross interest, guerdon, high, high-priced, honorarium, importance, in short supply, incentive, incentive pay, incitement, inducement, interest, interest rate, kickback, lagniappe, largess, liberality, lucrative interest, lure, luxurious, meed, mortgage points, net interest, not affordable, of great cost, ornament, overtime pay, padding, palm oil, penal interest, penalty, penalty clause, percentage, perks, perquisite, perquisites, plum, pourboire, price, price of money, price reduction, price-cut, pricey, prize, rare, rate, rate of interest, rebate, rebatement, reduction, refund, regard, reward, rich, rollback, salvage, salve, scant, scanty, scarce, setoff, simple interest, solatium, something extra, sparse, sportula, spur, steep, stiff, stimulus, stock, store, stuffing, sumptuous, superaddition, sweetener, tare, time discount, tip, top, trade discount, tret, trimming, twist, underselling, unpayable, usury, value, wrinkle, write-off
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