Question: What Is Another Word For Premium?

What does premium mean?

Definition: Premium is an amount paid periodically to the insurer by the insured for covering his risk.

Description: In an insurance contract, the risk is transferred from the insured to the insurer.

For taking this risk, the insurer charges an amount called the premium..

What is another word for classy?

In this page you can discover 29 synonyms, antonyms, idiomatic expressions, and related words for classy, like: elegant, stylish, inelegant, mod, swish, chic, fashionable, posh, slick, tony and unstylish.

What is high end quality?

The definition of high-end is something considered an expensive or extreme quality item. An example of high-end is designer clothes and top-of-the-line electronic equipment.

What is the opposite of a premium?

▲ Opposite of superior in quality or value. cheap. inexpensive.

What is the difference between a premium and a copay?

In order to purchase and continue to have health insurance coverage, you have to pay a premium. The premium is paid on a regular basis such as a certain amount monthly, quarterly or yearly. … A co-pay is a fixed dollar amount (a partial payment) for a health care expense that is covered by your plan.

What is the difference between premium and deductible?

A premium is the amount of money charged by your insurance company for the plan you’ve chosen. … A deductible is a set amount you have to pay every year toward your medical bills before your insurance company starts paying. It varies by plan and some plans don’t have a deductible. Your plan has a $1,000 deductible.

What is another name for basic?

In this page you can discover 86 synonyms, antonyms, idiomatic expressions, and related words for basic, like: central, elementary, primary, fundamental, elemental, necessary, key, secondary, be, simple and essential.

What is the difference between premium bonds and discount bonds?

Said another way, if a bond that is trading on the market is currently priced higher than its original price (its par value), it is called a premium bond. Conversely, if a bond that is trading on the market is currently priced lower than its original price (its par value), it is called a discount bond.

What is a premium offer?

A technique in which two or more products are sold in one piece, as a bundle. Generally, a premium offer is used to increase sales of a product.

What is premium amount?

An insurance premium is the amount of money an individual or business pays for an insurance policy. … Once earned, the premium is income for the insurance company. It also represents a liability, as the insurer must provide coverage for claims being made against the policy.

What is another word for sassy?

Synonyms forarrant.audacious.bold.brassy.brazen.cheeky.discourteous.disrespectful.

What is a trendy person?

If you say that something or someone is trendy, you mean that they are very fashionable and modern.

What’s the difference between premium and luxury?

Premium brands on the other hand, are defined by their price-quality ratio – we feel that it is worth paying extra for a premium brand because of the product quality, whereas luxury brands usually have a price which is far beyond their actual functional value.

How do you describe luxury?

Kids Definition of luxury 1 : very rich, pleasant, and comfortable surroundings They live in luxury. 2 : something desirable but expensive or hard to get Fresh strawberries are a luxury in winter. 3 : something adding to pleasure or comfort but not absolutely necessary That new car is a luxury I can’t afford.

What’s another word for top quality?

RELATED WORDS AND SYNONYMS FOR BEST-QUALITYsuperior.superlative.supreme.top of the line.top-drawer.top-notch.unmatched.world-class.More items…

What is premium investopedia?

What Is a Premium? Premium has multiple meanings in finance, with the first being the total cost to buy an option. A premium is also the difference between the price paid for a fixed-income security and the security’s face amount at issue.

What is an example of a premium?

Premium is defined as a reward, or the amount of money that a person pays for insurance. An example of a premium is an end of the year bonus. An example of a premium is a monthly car insurance payment. Money paid by a buyer for an option to buy stock or property.

What is a synonym for high end?

Synonyms for high-end. exclusive, upmarket, upscale.

Whats the opposite of classy?

noun: graceless, uncultured, unrefined, raffish, dowdy, flamboyant, gaudy, Unhandsome, crude, splashy, garish, glitzy, tawdry, grotesque, vulgar, flashy, tacky, rude, uncultivated, loud, coarse, unpolished.

How do I calculate my premium?

One simple way of estimating the term premium is to subtract a survey measure of the average expected short rate from the observed bond yield. There are some drawbacks with this approach, however. Survey data are not updated frequently and (typically) include only a limited set of forecast horizons.

What is the synonym of premium?

SYNONYMS. superior, premier, high-end, top-end, exclusive, elite, top, select, choice, deluxe, luxurious, classy, prime, first-rate, high-quality, top-quality, high-grade, five-star, fine, finest. British upmarket.