Praemium

Legal Definition and Related Resources of Praemium

Meaning of Praemium

(Lat.) Reward; compensation. Praemium assecurationis, compensation for insurance; premium of insurance. Locc. de Jur. Mar. lib. 2, c. 5, § 6. Now used in the law of insurance, in the form premium, as a common English word.

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This definition of Praemium is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

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Concept of “Praemium”

Traditional meaning of praemium in English (with some legal use of this latin concept in England and the United States in the XIX Century) [1]: (in Latin) Reward. Praemium pudicitiae: the price of chastity.

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Notes and References

  1. Based on A Concise Law Dictionary of Words, Phrases and Maxims, “Praemium”, Boston: Little, Brown, and Company, 1911, United States. It is also called the Stimson’s Law dictionary. This term and/or definition may be absolete.

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