PREMIUMS

Noun

premiums

plural of premium

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



RESET




Word of the Day

12 March 2025

BUDGERIGAR

(noun) small Australian parakeet usually light green with black and yellow markings in the wild but bred in many colors


coffee icon

Coffee Trivia

The world’s most expensive coffee costs more than US$700 per kilogram. Asian palm civet – a cat-like creature in Indonesia, eats fruits, including select coffee cherries. It excretes partially digested seeds that produce a smooth, less acidic brew of coffee called kopi luwak.

coffee icon