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What does premium mean? - Definitions. net A premium is a specified amount of money paid periodically for something of value, such as a contract, service, or product It's commonly used in context of insurance where it refers to the amount paid by the insured individual to the insurance company for coverage against certain risks
Premium - definition of premium by The Free Dictionary An amount paid or required, often as an installment payment, for an insurance policy 2 a An amount paid to obtain a loan b An interest payment, usually on a regular basis, on a loan 3 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 4 a
premium, n. adj. meanings, etymology and more | Oxford . . . There are nine meanings listed in OED's entry for the word premium See ‘Meaning use’ for definitions, usage, and quotation evidence How common is the word premium? How is the word premium pronounced? Where does the word premium come from? The earliest known use of the word premium is in the early 1600s