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- 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.
- 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.
- Premium - n. - A sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind.
- 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.
- Premiums - pl. - of Premium
- 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.
- Del credere - - An agreement by which an agent or factor, in consideration of an additional premium or commission (called a del credere commission), engages, when he sells goods on credit, to insure, warrant, or guarantee to his principal the solvency of the purchaser, the engagement of the factor being to pay the debt himself if it is not punctually discharged by the buyer when it becomes due.
- 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.
- Foregift - n. - A premium paid by / lessee when taking his lease.
- Insurance - n. - The premium paid for insuring property or life.
- Use - v. t. - The premium paid for the possession and employment of borrowed money; interest; usury.
- 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.
- Agio - n. - The premium or percentage on a better sort of money when it is given in exchange for an inferior sort. The premium or discount on foreign bills of exchange is sometimes called agio.
- Usury - v. t. - A premium or increase paid, or stipulated to be paid, for a loan, as of money; interest.
- 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.
- 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.
- Contango - n. - The postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation.
- 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.
- 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.
- Bottomry - n. - A contract in the nature of a mortgage, by which the owner of a ship, or the master as his agent, hypothecates and binds the ship (and sometimes the accruing freight) as security for the repayment of money advanced or lent for the use of the ship, if she terminates her voyage successfully. If the ship is lost by perils of the sea, the lender loses the money; but if the ship arrives safe, he is to receive the money lent, with the interest or premium stipulated, although it may, and usually does, exceed the legal rate of interest. See Hypothecation.