n. A reward; a recompense given for a particular action or line of conduct.n. That which is given for the loan of money; interest.n. In insurance, the amount paid or agreed to be paid in one sum or periodically to insurers as the consideration for a contract of insurance. See insurance, 2.n. In banking and currency, the difference by which the value of one metallic currency exceeds that of another of the same denomination, or by which a metallic currency exceeds a paper currency of the same denomination in the same country; agio: the opposite of discount, or disagio, which is the amount by which the value of one currency has depreciated when compared with another.n. In stock-broking, etc., the percentage of difference by which the market price of shares, stocks, bonds, etc., exceeds their face-value or the sum originally paid for them: thus, when stock originally issued at $100 per share sells at $140 per share, it is said to be at a premium of 40 per cent.