← Back to "P" terms

PRIME

Categories: Commercial Law

Definition (1910 Edition)

Origin: French

Fr. In French law. The price of the risk assumed by an insurer; premium of insurance. Emerig. Traite des Assur. c. 8, $ 1, nn 1, 2
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.