‖ ˈpremio Obs.
[It., ad. L. præmium a reward, premium.]
= premium; esp. the earlier term for an insurance premium; also, a reward or prize; a bonus added to interest or to a payment.
| 1622 Malynes Anc. Law-Merch. 150 Concerning the price of Assurances or Premio (as the Spaniards call it) it is differing in all places. Ibid. 160 Not to assure for vnlawfull places of trade..vnlesse a good premio bee giuen. 1638 Insurance Policy in R. G. Marsden Sel. Pl. Crt. Admir. (Selden) II. 59 All in good faith without fraud or guyle the Premio is paid as aforesaid. 1703 De Foe Villainy Stockjobbers in Misc. 256 The Money'd Men, who obtain'd the Discount as a Premio added to the Interest upon the Originals. 1728 North Mem. Music (1846) 117 A contribution..to be given as a premio to him that should best entertain them in a solemne consort. a 1734 ― Exam. iii. vi. §91 (1740) 490 It is just as if the Ensurers brought in a Catalogue of ensured Ships lost, taking no Notice of Ships arrived and Premios. |