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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..

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

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

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

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..

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..

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..

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..

Underwrite :: Underwrite (v. t.) To subscribe one's name to for insurance, especially for marine insurance; to write one's name under, or set one's name to, as a policy of insurance, for the purpose of becoming answerable for loss or damage, on consideration of receiving a certain premium per cent; as, individuals, as well as companies, may underwrite policies of insurance..

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

Stag :: Stag (n.) One who applies for the allotment of shares in new projects, with a view to sell immediately at a premium, and not to hold the stock..

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

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..

Premiums :: Premiums (pl. ) of Premiu.

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..

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..

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..

Premium :: Premium (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..

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

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..

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