By Rowan's method the premium is not a fixed sum but a percentage of the standard rate per hour equal to the percentage of reduction in time consumed.

premium before the week's out; and if you've got any money to spare, guv'nor, I should recommend you to have a little flutter; for it's a certainty.

The premium offered was a gold medal and fifty guineas.

Ajax and I had gleaned experience with pups, and we had long ago determined that no premium was adequate compensation for the task and responsibility of breaking them in.

The premiums thus far discussed are "net premiums" estimated as just sufficient to meet the actual payments required by the contracts in the policies.

For example, if the standard time is 10 hours for a $3.00 job and the premium for speed is ten cents per hour, the worker would receive 20 cents premium if he did the work in 8 hours ($2.40 +.20, total $2.60), and 50 cents premium if he did it in 5 hours ($1.50 + 50, total $2.00).