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Moreover, the original meaning of premium is a reward given for some specific act or as an incentive a prize. as per its etymology Premium (n.) (Etymonline) c. 1600, "reward given for a specific act," from Latin praemium "reward, profit derived from booty,". This aspect of Premium N Adj Meanings Etymology And More Oxford English plays a vital role in practical applications.
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Furthermore, the sense of "amount to be paid by agreement for a contract of insurance" is from 1660s, from Italian premio. The adjectival sense of "superior in quality" is first attested 1925, originally in reference to butter. Figurative use of the phrase at a premium "at more than the usual value" is by 1828. This aspect of Premium N Adj Meanings Etymology And More Oxford English plays a vital role in practical applications.
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The original meaning of premium is a reward given for some specific act or as an incentive a prize. as per its etymology Premium (n.) (Etymonline) c. 1600, "reward given for a specific act," from Latin praemium "reward, profit derived from booty,". This aspect of Premium N Adj Meanings Etymology And More Oxford English plays a vital role in practical applications.
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The sense of "amount to be paid by agreement for a contract of insurance" is from 1660s, from Italian premio. The adjectival sense of "superior in quality" is first attested 1925, originally in reference to butter. Figurative use of the phrase at a premium "at more than the usual value" is by 1828. This aspect of Premium N Adj Meanings Etymology And More Oxford English plays a vital role in practical applications.
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