(1) In stock exchange trading, the difference between the par value and the higher market value of a security expressed as a percentage of the par value. Similarly in forex trading, the difference between a forward and spot rate, where the forward rate is the higher.

(2) Options: synonym for option price.

(3) Penalty payable if one party to a contract withdraws from a transaction.

(4) The amount of money payable for an insurance policy.

(5) The amount by which the price of a security exceeds its peers.