premium (n.)

c. 1600, "reward given for a specific act or a particular line of conduct," from Latin praemium "reward, profit derived from booty," from prae "before" (see pre-) + emere "to buy," originally "to take" (from PIE root *em- "to take, distribute").

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.

also from c. 1600

Entries linking to premium

*em-

Proto-Indo-European root meaning "to take, distribute."

It forms all or part of: assume; consume; emption; example; exemplar; exemplary; exemplify; exempt; exemption; impromptu; peremptory; pre-emption; premium; presume; presumption; prompt; pronto; ransom; redeem; redemption; resume; sample; sejm; subsume; sumptuary; sumptuous; vintage.

It is the hypothetical source of/evidence for its existence is provided by: Sanskrit yamati "holds, subdues;" Latin emere "buy," originally "take," sumere "to take, obtain, buy;" Old Church Slavonic imo "to take;" Lithuanian imu, imti "to take."

For the sense shift from "take" to "buy" in the Latin verbs, compare Old English sellan "to give," source of Modern English sell "to give in exchange for money;" Hebrew laqah "he bought," originally "he took;" and colloquial English I'll take it for "I'll buy it."

pre-

word-forming element meaning "before," from Old French pre- and Medieval Latin pre-, both from Latin prae (adverb and preposition) "before in time or place," from PIE *peri- (source also of Oscan prai, Umbrian pre, Sanskrit pare "thereupon," Greek parai "at," Gaulish are- "at, before," Lithuanian prie "at," Old Church Slavonic pri "at," Gothic faura, Old English fore "before"), extended form of root *per- (1) "forward," hence "beyond, in front of, before."

The Latin word was active in forming verbs. Also see prae-. Sometimes in Middle English muddled with words in pro- or per-.

Trends of premium

adapted from books.google.com/ngrams/. Ngrams are probably unreliable.

More to Explore

bounty

late 13c., "a gift, a reward, a favor bestowed freely;" c. 1300, "goodness, virtue; beauty; ; excellence; knightly prowess, strength, valor, chivalry," early 14c., "a helpful act, an act of generosity, a good deed," also "liberality in giving, generosity, munificence," from Anglo

bonus

"money or other benefit given as a premium or extra pay to reward or encourage work," 1773, a phrase in "Stock Exchange Latin...

option

The commercial transaction sense of "privilege secured by payment of a premium (on a stock or a certain produce at a specified...

prize

"that which is obtained or offered as the reward of exertion or contest; reward or symbol of victory," spelling alteration of Middle English prise (c. 1300 in this sense), from Old French pris "price, value, worth; reward" (see price (n.)). Figuratively, "anything worth striving

incentive

early 15c., "that which moves the mind or stirs the passion," from Late Latin incentivum, noun use of neuter of Latin adjective incentivus "setting the tune" (in Late Latin "inciting"), from past participle stem of incinere "strike up," from in- "in, into" (from PIE root *en "in"

warder

c. 1400, "guardian of an entrance," from Anglo-French wardere, wardour "guardian, keeper, custodian" (Old French gardeor), agent noun from Old North French warder "to guard, keep, maintain, uphold" (Old French garder), from Frankish *wardon, from Proto-Germanic *wardon "to guard,

reward

mid-14c., "what one deserves, just desserts," from Anglo-French and Old North French reward, rouwart, back-formation from rewarder (see reward (v.)). The meaning "return or payment for service, hardship, etc.," also "something given in recognition of merit, virtue, etc., a prize"

value

c. 1300, "price equal to the intrinsic worth of a thing;" late 14c., "degree to which something is useful or estimable," from Old French value "worth, price, moral worth; standing, reputation" (13c.), noun use of fem. past participle of valoir "be worth," from Latin valere "be st

charge

early 13c., chargen, "to load, put a burden on or in; fill with something to be retained," from Old French chargier "to load, burden, weigh down," from Late Latin carricare "to load a wagon or cart," from Latin carrus "two-wheeled wagon" (see car). The senses of "entrust," "comma

insurance

1550s, "engagement to marry," a variant of ensurance "an assurance, pledge, guarantee," from Old French enseurance "assurance," from ensurer, from en- "make" (see en- (1)) + sur "safe, secure, undoubted" (see sure (adj.)). Commercial sense of "security against loss or death in ex

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updated on October 19, 2020

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