Apedia

Premium Pay Insurance Sum Money Noun Regularly Company

word premium
definition
noun
A premium is a sum of money that you pay regularly to an insurance company for an insurance policy.
It is too early to say whether insurance premiums will be affected.
A premium is a sum of money that you have to pay for something in addition to the normal cost .
Even if customers want 'solutions', most are not willing to pay a premium for them.
Callers are charged a premium rate of 48p a minute.
adjective
Premium goods are of a higher than usual quality and are often expensive .
At the premium end of the market, business is booming.
...the most popular premium ice cream in this country.
inflections premiums
cefr-level C1

Tags: oxford5k::cefr-level:c1

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