GNU Collaborative International Dictionary of English

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Found one definition 

  1.       

    Premium , 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 competition; reward or prize to be adjudged; a bounty; as, a premium for good behavior or scholarship, for discoveries, etc.
      1913 Webster
       To think it not the necessity, but the premium and privilege of life, to eat and sleep without any regard to glory.
      Burke.

      1913 Webster
      The law that obliges parishes to support the poor offers a premium for the encouragement of idleness.
      Franklin.

      1913 Webster
    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.
      1913 Webster
      People were tempted to lend, by great premiums and large interest.
      Swift.

      1913 Webster
    3. A sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind.
      1913 Webster
    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.
      1913 Webster

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