<p><strong>Noun</strong></p><ul><li>a prize, bonus, or award given as an inducement, as to purchase products, enter competitions initiated by business interests, etc.</li><li>a bonus, gift, or sum additional to price, wages, interest, or the like.</li><li>Synonyms: reward</li><li>Insurance: the amount paid or to be paid by the policyholder for coverage under the contract, usually in periodic installments.</li><li>Economics: the excess value of one form of money over another of the same nominal value.</li><li>a sum above the nominal or par value of a thing.</li><li>the amount paid to the lender of stock by the borrower, typically a short seller.</li><li>the amount the buyer of a call or put option pays to the seller, quoted in dollars per share of stock.</li><li>a fee paid for instruction in a trade or profession.</li><li>a sum additional to the interest paid for the loan of money.</li></ul>