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PREMIUM (Lat. praemium, profit, rewar...

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Originally appearing in Volume V22, Page 279 of the 1911 Encyclopedia Britannica.

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PREMIUM (Lat. praemium, profit, reward, prae+emere, to buy)

PREMIUM (See also:
LAT
Lat. praemium, profit, See also:
REWARD
reward, prae+emere, to buy) , in See also:

general, a reward or See also:

PRIZE, or PRIZE OF WAR (Fr. prise, from prendre, to take)

prize; a See also:

CONSIDERATION (from Lat. considerare, to look at closely, examine, generally taken to be from con-, and the base seen in sidus, sideris, a star, the word being supposed to be originally an astrological or astronomical term)

consideration. In the See also:

law of See also:

INSURANCE

insurance, the sum of See also:

MONEY

money or consideration (either See also:

ANNUAL

annual or in a lump sum) which the insured pays the insurers in See also:

order to gain a certain amount in the event of some specific loss happening is termed a premium. The word is applied to the See also:

fee paid in consideration of being taught a See also:

trade or profession. It is also used in the sense of " See also:

BONUS (a jocular application of the Lat. bonus, for bonum, " a good thing ")

bonus," as something beyond or additional, as in the phrases, " premium bonus See also:

SYSTEM

system," " premium system," where a bonus or sum is given in addition to See also:

WAGES (the plural of " wage," from Late Lat. wadium, a pledge, O. Fr. wagier, gagier)

wages in proportion to the value of the See also:

WORK

work done. On the stock See also:

EXCHANGE

exchange, when a See also:

SECURITY (Lat. securus, free from care, safe)

security has not yet been fully' paid up, it is customary to quote its See also:

price at See also:

PAR (Lat. par, equal)

par, or so much premium or See also:

DISCOUNT

discount. Par represents the amount actually paid up on it, while if it is above the level it is said to be at a premium of so much, or if below at a discount.

End of Article: PREMIUM (Lat. praemium, profit, reward, prae+emere, to buy)

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PRELLER, LUDWIG (1809–1861)

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