Definition of premium

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Premium (n.) A sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind..

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Insurance :: Insurance (n.) The premium paid for insuring property or life.
Use :: Use (v. t.) The premium paid for the possession and employment of borrowed money; interest; usury.
Foregift :: Foregift (n.) A premium paid by / lessee when taking his lease.
Bonus :: Bonus (n.) A premium given for a loan, or for a charter or other privilege granted to a company; as the bank paid a bonus for its charter..
Insurer :: Insurer (n.) One who, or that which, insures; the person or company that contracts to indemnify losses for a premium; an underwriter..
Insure :: Insure (v. t.) Specifically, to secure against a loss by a contingent event, on certain stipulated conditions, or at a given rate or premium; to give or to take an insurance on or for; as, a merchant insures his ship or its cargo, or both, against the dangers of the sea; goods and buildings are insured against fire or water; persons are insured against sickness, accident, or death; and sometimes hazardous debts are insured..
Insurance :: Insurance (n.) The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6..
Premium :: Premium (n.) 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..
Usury :: Usury (v. t.) A premium or increase paid, or stipulated to be paid, for a loan, as of money; interest..
Bounty :: Bounty (n.) A premium offered or given to induce men to enlist into the public service; or to encourage any branch of industry, as husbandry or manufactures..
Stag :: Stag (n.) One who applies for the allotment of shares in new projects, with a view to sell immediately at a premium, and not to hold the stock..
Interest :: Interest (n.) Premium paid for the use of money, -- usually reckoned as a percentage; as, interest at five per cent per annum on ten thousand dollars..
Shave :: Shave (v. t.) A premium paid for an extension of the time of delivery or payment, or for the right to vary a stock contract in any particular..
Premium :: Premium (n.) Something offered or given for the loan of money; bonus; -- sometimes synonymous with interest, but generally signifying a sum in addition to the capital..
Premiums :: Premiums (pl. ) of Premiu.
Contango :: Contango (n.) The postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation.
Premium :: Premium (n.) 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..
Underwrite :: Underwrite (v. t.) To subscribe one's name to for insurance, especially for marine insurance; to write one's name under, or set one's name to, as a policy of insurance, for the purpose of becoming answerable for loss or damage, on consideration of receiving a certain premium per cent; as, individuals, as well as companies, may underwrite policies of insurance..
Backwardation :: Backwardation (n.) The seller's postponement of delivery of stock or shares, with the consent of the buyer, upon payment of a premium to the latter; -- also, the premium so paid. See Contango..
Contango :: Contango (n.) The premium or interest paid by the buyer to the seller, to be allowed to defer paying for the stock purchased until the next fortnightly settlement day..
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