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Backwardation :: Backwardation (n.) The seller's postponement of delivery of stock or shares, with the consent of the buyer, upon payment of a premium to the latter; -- also, the premium so paid. See Contango..

Interest :: Interest (n.) Premium paid for the use of money, -- usually reckoned as a percentage; as, interest at five per cent per annum on ten thousand dollars..

Bottomry :: Bottomry (n.) A contract in the nature of a mortgage, by which the owner of a ship, or the master as his agent, hypothecates and binds the ship (and sometimes the accruing freight) as security for the repayment of money advanced or lent for the use of the ship, if she terminates her voyage successfully. If the ship is lost by perils of the sea, the lender loses the money; but if the ship arrives safe, he is to receive the money lent, with the interest or premium stipulated, although it may, and

Foregift :: Foregift (n.) A premium paid by / lessee when taking his lease.

Premiums :: Premiums (pl. ) of Premiu.

Actuary :: Actuary (n.) The computing official of an insurance company; one whose profession it is to calculate for insurance companies the risks and premiums for life, fire, and other insurances..

Insure :: Insure (v. t.) Specifically, to secure against a loss by a contingent event, on certain stipulated conditions, or at a given rate or premium; to give or to take an insurance on or for; as, a merchant insures his ship or its cargo, or both, against the dangers of the sea; goods and buildings are insured against fire or water; persons are insured against sickness, accident, or death; and sometimes hazardous debts are insured..

Use :: Use (v. t.) The premium paid for the possession and employment of borrowed money; interest; usury.

Insurance :: Insurance (n.) The premium paid for insuring property or life.

Bounty :: Bounty (n.) A premium offered or given to induce men to enlist into the public service; or to encourage any branch of industry, as husbandry or manufactures..

Insurer :: Insurer (n.) One who, or that which, insures; the person or company that contracts to indemnify losses for a premium; an underwriter..

Usury :: Usury (v. t.) A premium or increase paid, or stipulated to be paid, for a loan, as of money; interest..

Premium :: Premium (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..

Contango :: Contango (n.) The postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation.

Agio :: Agio (n.) The premium or percentage on a better sort of money when it is given in exchange for an inferior sort. The premium or discount on foreign bills of exchange is sometimes called agio.

Contango :: Contango (n.) The premium or interest paid by the buyer to the seller, to be allowed to defer paying for the stock purchased until the next fortnightly settlement day..

Bonus :: Bonus (n.) A premium given for a loan, or for a charter or other privilege granted to a company; as the bank paid a bonus for its charter..

Premium :: Premium (n.) A sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind..

Insurance :: Insurance (n.) The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6..

Shave :: Shave (v. t.) A premium paid for an extension of the time of delivery or payment, or for the right to vary a stock contract in any particular..

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