Meaning Of The Word Premium

Real Dictionary

What's the definition of Premium? Find Premium meanings, definitions and more at the Real Dictionary online.

Premium Meaning

Premium Definition
Premium Definition

What's The Definition Of Premium?

premium
countable noun: A premium is a sum of money that you pay regularly to an insurance company for an insurance policy.

premium in American English
a reward or prize, esp. one offered free or at a special low price as an added inducement to buy or do something; bonus
noun: a prize, bonus, or award given as an inducement, as to purchase products, enter competitions initiated by business interests, etc

premium in British English
noun: an amount paid in addition to a standard rate, price, wage, etc; bonus

premium in Finance
noun: A premium is the higher price that is paid for a bond that is trading above par.

premium in Insurance
noun: A premium is the cost of insurance, that is usually an amount paid each year.

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