Meaning of premium | Babel Free

Definitions

1. prize, award (honour or reward)
2. Quantity of money that gives to somebody like incentive in return to fulfil some conditions in a work.
3. A prize or award.
4. prize (that which may be won)
5. Quantity of money that it is necessary to pay to a sure.
6. Something offered at a reduced price as an inducement to buy something else.
7. Of superior quality or value: premium gasoline.
8. premium (bonus paid in addition to normal payments)
9. Primo.
10. A bonus paid in addition to normal payments.
11. More valuable than usual, as from scarcity: Fresh water was at a premium after the reservoir was contaminated.
12. first-person singular present indicative of premiar
13. The amount to be paid for an insurance policy.
14. at a premium, a. at an unusually high price.
15. An unusually high value.
16. Something given in return for a service or accomplishment:accolade, award, guerdon, honorarium, plum, prize, reward.
17. The amount by which a security's value exceeds its face value.
18. An amount paid or required, often as an installment payment, for an insurance policy.
19. An amount paid to obtain a loan.
20. A sum of money or bonus paid in addition to a regular price, salary, or other amount: Many people are willing to pay a premium to live near the ocean.
21. The amount at which something, such as a security or a currency, is valued above its initial or nominal price.
22. Something offered free or at a reduced price as an inducement to buy something else: offered the backpack as a premium for students opening new bank accounts.
23. An unusual or high value: Employers put a premium on honesty and hard work.

Equivalents

Examples

“At first I wrote it off to the simpler protocols of grandparenthood, with its premium on uncomplicated gestures of generosity and love.”

“(Of course, if an insured dies during the grace period, the unpaid annual premium or instalment thereof is past due and therefore is deducted from the death benefit.)”

“Notice that these premia would exist even in a world of risk-neutral lenders if there were identifiable classes of nonrepaying borrowers.”

“When a process of proverse selection has run its course, a disproportionate number of high-risk insureds will remain in the former classification, which will prompt an increase in the premiums charged in order to cover the higher losses.”

CEFR level