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English Dictionary: Premiums by the DICT Development Group
1 result for Premiums
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
   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.
      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.
No guarantee of accuracy or completeness!
©TU Chemnitz, 2006-2019
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