Question 1 · Quick check
premium
/ˈpɹiː.miː.əm/
noun · adjective
Türkçe translations
Translating…
In plain English
- 01
noun
An extra amount paid for better quality or a special service.
- 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 meaningsA prize or award.
High-end; belonging to the market segment between mid-market and luxury.
adjective
Extra meaningOf higher quality and usually more expensive.
More examples
In contextAt 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.
Related
Quick test
Two questions on this entry. Nothing is scored.
Practise this properly in the app, where the word comes back before you forget it.
Nearby
Origin
noun
From Latin praemium (“prize”).