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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
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 – Meaning, Definition, Synonyms, and Antonyms Premium refers to something of superior quality, higher price, or extra charge It can also refer to a reward or additional payment for a service or product Definition: Something of superior quality or higher value, often priced higher than average Example Sentences: He paid a premium for the VIP ticket to the concert
PREMIUM - Definition Translations | Collins English Dictionary A premium is a sum of money that you pay regularly to an insurance company for an insurance policy [ ] 2 A premium is a sum of money that you have to pay for something in addition to the normal cost [ ] 3 Premium products are of a higher than usual quality and are often expensive [ ]