premium
IPA: prˈimiʌm
noun
- A prize or award.
- Something offered at a reduced price as an inducement to buy something else.
- A bonus paid in addition to normal payments.
- (insurance) The amount to be paid for an insurance policy.
- An unusually high value.
- (finance) The amount by which a security's value exceeds its face value.
adjective
- Superior in quality; higher in price or value.
- (automotive) High-end; belonging to the market segment between mid-market and luxury.
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Examples of "premium" in Sentences
- The cards were actually the premium.
- Premiums are tax deductible in the U.S.
- The purchaser continues to pay the premiums.
- It is one of the highest premium in the world.
- The writer sells the put to collect the premium.
- The insured must pay the insurer the premium each term.
- In the meantime, the purchaser continues to pay the premiums.
- The payment the insured makes to the insurer is called the premium.
- First of all, there is a premium on appeasing resentment and revenge.
- During the grace period your insurance company cannot repudiate a claim on the basis that the premium has not been paid.