See Also: Premium(money)
PREMIUM(finance)
First Premium U.S. Inc. Tr.(finance)
premium(dictionary)
PREMIUM LAND(finance)
Option premium(finance)
Liquidity premium(finance)
Lending at a premium(finance)
Insurance premium(finance)
Adjustable Premium(law)

premium (iou)



premium noun & adjective. E17.
[Latin praemium booty, profit, reward, from prae PRE- 1 + emere buy, (orig.) take.]
A. noun.
A reward, a prize. E17.
H. Allen It was a rich Eastern cargo and premiums might follow.
The amount payable for a contract of insurance. M17.
Which? Many..policies..offer an 'all risks' extension: you pay an extra premium.
A sum added to interest, wages, etc.; a bonus; a sum paid in addition to the rent on a leased property. L17.
a. A charge made for changing one currency into another of greater value; the excess value of one currency over another. E18.
b. The excess of the prospective price of a currency or commodity over the present price; Stock Exchange the amount by which the price of a stock exceeds its issue price or the value of the assets it represents; gen. the excess of an actual over a nominal price. M19.
Financial Times Shares..jumped to a 70 per cent premium on the first day.
A fee paid for instruction in a profession or trade. M18.
An item given away or sold cheaply to persuade people to buy, sample, or subscribe to something. E20.
Phrases: at a premium at more than the nominal value or price; fig. in high esteem: opp. at a discount. Premium Savings Bond = premium bond (b) below. put a premium on put a high value on; provide or act as an incentive to.
Comb.: premium apprentice Hist.: who has paid a premium for his or her instruction; premium bond (a) a bond earning no interest but eligible for lotteries; (b) spec. (also with cap. initials) since 1956, a British Government bond without interest but with regular chances of cash prizes.
b. attrib. or as adjective. (Of a commodity etc.) superior in quality and therefore more expensive; (of a price) suited to an item of superior quality, higher than usual. E20.
Marketing Week Newcastle Brown is competing against..premium lagers like Lowenbr?u.
premiumed adjective that has won a premium or prize; that has paid a premium: L18.