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pre·mi·um /'prē-mē-əm/ n1: the difference between the face value or par value of a security and its market price when the latter is greater compare discount2: the price paid for an insurance contract equal to the cost per unit times the number of units
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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I
adjective
best, capital, choice, desirable, elect, estimable, excellent, fine, finest, first-class, first-rate, grade A, high-grade, high-quality, incomparable, inimitable, matchless, peerless, precious, prime, quality, second to none, select, specially selected, splendid, superb, superfine, superior, superlative, top-notch, unbeatable, unequaled, unmatched, unparalleled, unrivaled, unsurpassed, very fine, worthy
II
(excess value) noun
amount over par, bonus, bounty, charge beyond normal, charge to excess, excessive charge, extra, incentive, increased value, overcharge, prize
III
(insurance payment) noun
amount paid periodically, annual commitment, annual encumbrance, annual fee, annual installment, annual liability, annual obligation, annual payment, annual rate of insurance, annual remittance, contract payment, periodic payment, yearly payment
associated concepts: assessment of a premium, earned premiums, gross premium, net premium, reduction of premium
IV
index
bonus, bounty, gratuity (present), payment (remittance), perquisite, price, prize, profit, reward
Burton's Legal Thesaurus. William C. Burton. 2006
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A cash sum paid by a new tenant to the existing tenant as consideration for acquiring a lease.
Easyform Glossary of Law Terms. — UK law terms.
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n.(1) A reward given for services rendered; a bonus; a sum added to wages or interest.(2) The fee paid for an insurance policy.adj.Superior; of better quality and usually of a higher price than ordinary goods.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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1) An extra payment for an act, option, or priority.2) Payment for insurance coverage either in a lump sum or by installments.Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & FinancesCategory: Business Cash Flow Problems & BankruptcyCategory: Business, LLCs & Corporations → Business Tax & DeductionsCategory: Personal Finance & Retirement → Taxes → Tax Audits
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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The sum paid by a policyholder to keep an insurance policy in force.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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n.1 Money paid to an insurer in exchange for coverage.2 Money paid by a buyer for an option to buy stock or property.3 A reward for a job after it has been done.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
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A reward for an act done.
Dictionary from West's Encyclopedia of American Law. 2005.
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A reward for an act done.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
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n.1) payment for insurance coverage either in a lump sum or by installments.2) an extra payment for an act, option or priority.
Law dictionary. EdwART. 2013.
Look at other dictionaries:
premium — [ premjɔm ] n. m. • XXe; mot lat. « butin » ♦ Fin. Prime versée pour une opération sur un marché à terme. ⇒ option. On écrirait mieux prémium. ● premium nom masculin (latin praemium, butin) Somme payée au vendeur d une option d achat (ou de… … Encyclopédie Universelle
premium — premium, prize, award, reward, meed, guerdon, bounty, bonus are comparable when they mean something which is bestowed upon a person as a recompense for cooperation, greater effort, superior merit, or supremacy in competition. Premium is applied… … New Dictionary of Synonyms
Premium — Pre mi*um, n.; pl. {Premiums}. [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… … The Collaborative International Dictionary of English
premium — ► NOUN (pl. premiums) 1) an amount paid for a contract of insurance. 2) a sum added to an ordinary price or other payment. 3) (before another noun ) (of a commodity) superior and more expensive. ● at a premium Cf. ↑at a premium … English terms dictionary
premium — [prē′mē əm] n. pl. premiums [L praemium, reward, recompense < prae , before + emere, to take: see PRE & REDEEM] 1. a reward or prize, esp. one offered free or at a special low price as an added inducement to buy or do something; bonus 2. an… … English World dictionary
premium — [adj] excellent choice, exceptional, prime, select, selected, superior; concept 574 Ant. inferior, low, low class, poor premium [n] bonus, prize appreciation, boon, bounty, carrot*, dividend, extra, fee*, gravy*, guerdon, meed, percentage, perk* … New thesaurus
Premĭum — (engl., abgekürzt pm.), Prämie, auf englischen Kurszetteln im Gegensatz zum damno oder discount (abgekürzt dis.) soviel wie Aufgeld, Überschuß über den Paribetrag … Meyers Großes Konversations-Lexikon
premium — (n.) c.1600, reward given for a specific act, from L. praemium reward, profit derived from booty, from prae before (see PRE (Cf. pre )) + emere to buy, originally to take (see EXEMPT (Cf. exempt)). Insurance sense is 1660s, from It. premio.… … Etymology dictionary
premium — consideration paid for an insurance policy. Glossary of Business Terms (1) The additional payment allowed by exchange regulation for delivery of higher than required standards or grades of a commodity against a futures contract. (2) In speaking… … Financial and business terms
Premium — (1) Amount paid for a bond above the par value. (2) The price of an option contract; also, in futures trading, the amount the futures price exceeds the price of the spot commodity. Related: inverted market premium payback period. Also called… … Financial and business terms