PREMIA

Noun

premia

plural of premium

Anagrams

• empair, rampie

Source: Wiktionary


PREMIUM

Pre"mi*um, n.; pl. Premiums. Etym: [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. Franklin.

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.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

27 April 2024

GREAT

(adjective) remarkable or out of the ordinary in degree or magnitude or effect; “a great crisis”; “had a great stake in the outcome”


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Coffee Trivia

Espresso is both a coffee beverage and a brewing method that originated in Italy. When making an espresso, a small amount of nearly boiling water under pressure forces through finely-ground coffee beans. It has more caffeine per unit volume than most coffee beverages. Its smaller serving size will take three shots to equal a mug of standard brewed coffee.

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