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Definition of premium
Thanks for using this online dictionary, we have been helping millions of people improve their use of the english language with its free online services. English definition of premium is as below...
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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