premium
Noun · AdjectiveOpen English WordNet
Noun (5)premiums
- payment for insuranceSynonyms: insurance premiumType of payment
- the amount that something in scarce supply is valued above its nominal value“they paid a premium for access to water”Type of value, economic value
- a fee charged for exchanging currenciesSynonyms: agioagiotageexchange premiumType of charge
- a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.“they encouraged customers with a premium for loyal patronage”Type of bonus, prize
- payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the militarySynonyms: bountyType of reward
What does it mean? Question 1 of today’s quiz
Translations
Noun a prize or award
- Spanish
- premio
- Portuguese
- prêmio
- Chinese
- 奖金 jiǎngjīn
- Dutch
- prijs
- Polish
- nagroda
- Swedish
- premie
- Portuguese (PT)
- prêmio
- Chinese (Trad.)
- 獎金 jiǎngjīn
- Catalan
- prima
- Esperanto
- premio
1 more language
- Finnish
- palkinto
Noun a bonus paid in addition to normal payments
The main translation for each meaning, from the langtolang.com multilingual dictionary. Each word links to its full entry there.
Webster's Dictionary (1913)
Origin: 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.— Edmund Burke
The law that obliges parishes to support the poor offers a premium for the encouragement of idleness.— Benjamin 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.— Jonathan 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.
Webster’s Revised Unabridged Dictionary (1913), from GCIDE 0.54