Premium
['priːmɪəm] or ['primɪəm]
Definition
(noun.) 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'.
(noun.) payment for insurance.
(noun.) the amount that something in scarce supply is valued above its nominal value; 'they paid a premium for access to water'.
(adj.) having or reflecting superior quality or value; 'premium gasoline at a premium price' .
Typed by Carlyle--From WordNet
Definition
(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.
(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.
(n.) A sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind.
(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.
Typist: Ronald
Synonyms and Synonymous
n. Reward, recompense, bounty, prize, bonus.
Typed by Essie
Synonyms and Antonyms
SYN:Reward, guerdon, encouragement, douceur, enhancement, bribe, recompense, bonus,prize, bounty
ANT:Penalty, fine, amercement, mulct, forfeit, depreciation
Editor: Murdoch
Definition
n. a reward: a prize: a bounty: payment made for insurance: the difference in value above the original price or par of stock—opp. to Discount: anything offered as an incentive.—adjs. Prē′mial Prē′miant.—v.t. Prē′miate to reward with a premium.—At a premium above par (see Par).
Checker: Vivian
Examples
- No,' replied Mr. Limbkins; 'at least, as it's a nasty business, we think you ought to take something less than the premium we offered. Charles Dickens. Oliver Twist.
- The directors, before finally determining on the system of locomotion to be adopted, offered a premium of ￡500 for the best locomotive engine to run on that line. Frederick C. Bakewell. Great Facts.
- When you pay more, you are supposed to give a premium, and exchange is said to be against England, and in favour of France. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- He'd be cheap with nothing at all, as a premium. Charles Dickens. Oliver Twist.
- Almost everything testifies to the great premium put upon listening, reading, and the reproduction of what is told and read. John Dewey. Democracy and Education.
- Native wood craftsmen were offered a premium on every new species brought in, and in this way nearly a hundred species were tested, a greater number than was found in any other country. Frank Lewis Dyer. Edison, His Life and Inventions.
- You expected, said Miss Havisham, as she looked them over, no premium with the boy? Charles Dickens. Great Expectations.
- And if the only way he can free himself is by adultery, does not your stringent divorce law put a premium upon vice? Walter Lippmann. A Preface to Politics.
- By demanding payment of the bank, the owner of a bank credit would lose this premium. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- It is upon this account, they say, the bank money sells for a premium, or bears an agio of four or five per cent. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- But I have saved my little purse for Alfred's premium: I have ninety-two pounds. George Eliot. Middlemarch.
- Mr. Pumblechook was in favor of a handsome premium for binding me apprentice to some genteel trade,--say, the corn and seed trade, for instance. Charles Dickens. Great Expectations.
- When you pay less, you are supposed to get a premium, and exchange is said to be against France, and in favour of England. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The premium saved up on them all may more than compensate such losses as they are likely to meet with in the common course of chances. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- On the morning of Black Friday the indicator was quoting 150 premium, whereas the bids by Gould's agents in the Gold Room were 165 for five millions or any part. Frank Lewis Dyer. Edison, His Life and Inventions.
- Those republics encouraged the acquisition of those exercises, by bestowing little premiums and badges of distinction upon those who excelled in them. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- Bounties are sometimes called premiums, as drawbacks are sometimes called bounties. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The expense of premiums, besides, is very trifling, that of bounties very great. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
Editor: Tess