How do you spell Premium
Available Definitions:
1) 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.
2) 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.
3) n. - A sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind.
4) 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.
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