What Is Premium

What Is Premium PREMIUM definition 1 an amount that is more than usual 2 an amount of money paid to get insurance 3 the highest Learn more

Definition Premium is an amount paid periodically to the insurer by the insured for covering his risk Description In an insurance contract the risk is transferred from the insured to the insurer For taking this risk the insurer charges an amount called the premium PREMIUM meaning 1 an amount that is more than usual 2 an amount of money paid to get insurance 3 the highest Learn more

What Is Premium

What Is Premium
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The meaning of PREMIUM is a reward or recompense for a particular act How to use premium in a sentence When premium is a noun it means the money you pay each month for your car insurance or a charge that s added on top of a standard payment It also means a prize or reward As an adjective premium implies something of superior quality that probably costs more too Premium comes straight out of Latin meaning reward It was first used as

PREMIUM definition an amount paid in addition to a standard rate price wage etc bonus Meaning pronunciation translations and examples An amount of money that you pay once or regularly for an insurance policy You can increase your monthly contributions to the pension plan an extra payment added to the basic rate You have to pay a high premium for express delivery A premium of 10 per cent is paid out after 20 years He was willing to pay a premium for a house near the sea

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At an unusually high price Housing in that area is at a premium see at a premium put a premium on See bonus Premium definition See examples of PREMIUM used in a sentence PREMIUM definition 1 an amount of money you pay for insurance payments for an accident or illness 2 an amount Learn more

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PREMIUM English Meaning Cambridge Dictionary

https://dictionary.cambridge.org › dictionary › english › premium
PREMIUM definition 1 an amount that is more than usual 2 an amount of money paid to get insurance 3 the highest Learn more

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What Is Premium Definition Of Premium Premium Meaning

https://economictimes.indiatimes.com › definition › premium
Definition Premium is an amount paid periodically to the insurer by the insured for covering his risk Description In an insurance contract the risk is transferred from the insured to the insurer For taking this risk the insurer charges an amount called the premium

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What Is Premium - When premium is a noun it means the money you pay each month for your car insurance or a charge that s added on top of a standard payment It also means a prize or reward As an adjective premium implies something of superior quality that probably costs more too Premium comes straight out of Latin meaning reward It was first used as