insurance premium meaning, definition, what is insurance premium: the money that you pay regularly to an i...: Learn more.
The meaning of PREMIUM is a reward or recompense for a particular act. How to use premium in a sentence.
premium meaning, definition, what is premium: the cost of insurance, especially the am...: Learn more.
2. Meanings: noun - an extra fee; a bonus; insurance premium; (business) premium. adj - high-priced; high-quality.3. Derivatives: Plural: premiums, Comparative: more premium, Superlative: most premium.4. Phrases: at a premium (meaning at a higher price than usual).5. Premiu...
2. In everyday language, "premium" can signify the concept of extra costs or value-added services. Within the financial sector, certain insurance products may use "premium" to indicate high bonuses or rewards. The specific meaning may vary depending on the context.3. When used to...
The meaning of UNEARNED PREMIUM is the share of a total insurance premium applicable to the unexpired portion of a policy term.
Insurance.the amount paid or to be paid by the policyholder for coverage under the contract, usually in periodic installments. Economics.the excess value of one form of money over another of the same nominal value. a sum above the nominal or par value of a thing. ...
But in return for this service, people have to pay a premium to remain covered and insured. This is what is known as a written premium. Read on to find out more about this insurance term. KEY TAKEAWAYS Written premium is the amount of money that a person has to pay in order to be...
The meaning of LEVEL PREMIUM is one of a series of equal installments by which the premium on an insurance policy may be paid rather than in a lump sum.
Key Takeaways The phrase "at a premium" is used in both factual and opinionated statements to describe situations when an asset or security is priced higher than its fundamental value. In a takeover, the target stock is often acquired at a premium to market value—this is a factual usage ...