premium
/ˈpɹiː.miː.əm/
Word Rarity
Uncommon
Frequency: Zipf frequency 4.33 in modern English
13
Scrabble Score
7
Letters
3
Syllables
6
Unique Chars
Meaning
adj
High-end; belonging to the market segment between mid-market and luxury.
noun
Something offered at a reduced price as an inducement to buy something else.
noun
noun
The amount to be paid for an insurance policy.
noun
The amount by which a security's value exceeds its face value.
Example Sentences
- "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."
- "When a process of proverse selection has run its course, a disproportionate number of high-risk insureds will remain in the former classification, which will prompt an increase in the premiums charged in order to cover the higher losses."
Etymology
Word Breakdown
- Root: *h₁em-