premium

CEFRC1

/ˈpɹiː.miː.əm/

noun · adjective

Türkçe translations

Translating…

In plain English

  1. 01

    noun

    An extra amount paid for better quality or a special service.

  2. 02

    noun

    The amount paid for insurance.

Examples

  • I got a premium for subscribing to the magazine.

  • You pay 10,000 yen a month as an insurance premium.

At a glance

Sits at C1 on the CEFR scale

Senses
5
Parts of speech
2
Citations
4

Deep Dive

noun

Extra meanings
  1. A prize or award.

  2. High-end; belonging to the market segment between mid-market and luxury.

adjective

Extra meaning
  1. Of higher quality and usually more expensive.

More examples

In context
  • 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.

Quick test

Two questions on this entry. Nothing is scored.

Question 1 · Quick check

He pays a high blank each month for his health insurance because of his condition.

Practise this properly in the app, where the word comes back before you forget it.

Nearby

Origin

noun

From Latin praemium (“prize”).