premium etymology

Etymology:

The word "premium" comes from the Latin word "praemium," meaning "reward" or "payment."

Meaning:

• A financial reward or payment offered for a desired action or outcome.
• A higher price or value attached to a product or service due to its superior quality, features, or rarity.
• A charge or fee paid for insurance coverage or other financial benefits.

Origin:

The word "praemium" has its roots in the Proto-Indo-European language, where it meant "gift" or "prize." It was commonly used in ancient Roman times to refer to rewards given to soldiers or gladiators for their victories or achievements.

Over time, the word "premium" evolved to encompass a wider range of meanings, including:

• Monetary rewards: Prizes, bonuses, or incentives offered for specific accomplishments.
• Exceptional quality: Products or services that are considered above average in terms of their design, materials, or performance.
• Insurance coverage: The cost of purchasing an insurance policy that provides protection against specific risks or losses.

In modern usage, the term "premium" is often associated with high-quality goods or services, exclusive experiences, or financial incentives. It implies something that is valuable, desirable, or worth paying a higher price for.

premium relate terms

• assume

  Etymology refers to the history and origin of words including their roots derivations a

• consume

  Etymology Latin consumere to destroy use up exhaust Old French consumer consum

• emption

  Etymology and Meaning The word exemption has its roots in Latin Ex Prefix meaning

• example

• exemplar

  Etymology Latin exemplar from ex out emere to buy take Meaning A pe

• exemplary

  Etymology Latin exemplaris from exemplum example pattern Out of example e

• exemplify

  Etymology the study of the origin of words and the way in which their meanings have chang

• exempt

  Etymology Latin exemptus past participle of eximere ex out imere to tak

• exemption

  Etymology Exemption comes from the Latin word exemptio which means a taking out I

• impromptu

  Etymology Impromptu Latin impromptu from in not promptus ready Meaning

• peremptory

  Etymology peremptory adj Middle English peremptorie 15th century from Latin pere

• pre emption

  Etymology Old French preemption Latin praeemptio from prae before emptio

• premium

  Etymology The word premium comes from the Latin word praemium meaning reward or

• presume

  Etymology Latin praesumere praesumere pre before sumere to take Meaning To

• presumption

  Etymology Latin praesumptio from praesumere to take for granted praesumere from pr

• prompt

  Etymology From Middle English prompte from Old French proute alteration influenced by

• pronto

  Etymology Pronto is derived from the Italian word pronto which means ready Meani

• ransom

  Etymology Middle English raunson from Anglo Norman French raençon from Late Latin r

• redeem

  Etymology The word redeem comes from the Latin word redimere which means to buy bac

• redemption

  Etymology Redemption derives from the Latin word redemptio which means a buying back

• resume

  Etymology The word resume comes from the Old French word resume which in turn comes

• sample

  Etymology The study of the origin and development of words Meaning A word s etymology

• Sejm

  Etymology The word Sejm originates from the Old Polish word sejm and sejma gathe

• subsume

  Etymology Latin subsumere meaning to assume under or to include From sub under

• sumptuary

  Etymology From Middle French somptuaire from Latin sumptuarius from sumptus cost ex

• sumptuous

  Etymology The word sumptuous is derived from the Late Latin word sumptuosus meaning

• vintage

  Etymology The word vintage comes from the Latin word vindemia which means grape ha

• sell

  Etymology The word sell comes from the Middle English word sellen which in turn deri

• prae

  Etymology Prae is a Latin preposition meaning before or in front of It is derived

• bounty

  Etymology Middle English bounte from Anglo Norman French bunte bounte from Latin bo

• bonus

  Etymology The word bonus is derived from the Latin word bonus which means good I

• option

  Etymology is the study of the origin and historical development of words It seeks to trac

• prize

  Etymology The word prize comes from the Middle English word pris which in turn is d

• incentive

  Etymology Latin incentivus Indo European ken kenk to urge Meaning Somethi

• warder

  Etymology Old English weardere from Proto West Germanic warderaz from Proto Germanic

• reward

  Etymology Middle English rewarde from Anglo French rewarde reward from Old French r

• value

  Etymology From Old French value from Latin valere to be worth be strong be of valu

• charge

  Etymology The word charge comes from the Old French word carge which in turn derives

• insurance

  Etymology The word insurance derives from the Latin word insurare meaning to make