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premiums

Variant of premium

noun pl. premiums

  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 additional amount paid or charged; specif.,
    1. an amount paid for a loan in addition to interest
    2. an amount paid, as for stock, above the nominal or par value
    3. additional wages paid as for overtime or dangerous work
  3. a payment; specif.,
    1. the amount payable or paid, in one sum or periodically, for an insurance policy
    2. Now Rare a fee paid for instruction in a trade, etc.
    3. a fee paid by a borrower of stock to the lender, as in short selling
  4. very high value: to put a premium on punctuality
  5. Econ. the amount by which one form of money exceeds another (of the same nominal value) in exchange value, or buying power

adjective

rated as superior in quality and sold at a higher price

Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.

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