What is another word for premiums

What is another term for the premium paid?

Synonyms for "premium" include prize, fee, dividend, or bonus. In insurance and options trading, it may be synonymous with "price."

What's the definition of premiums?

pre·​mi·​um ˈprē-mē-əm. : a reward or recompense for a particular act. : a sum over and above a regular price paid chiefly as an inducement or incentive. : a sum in advance of or in addition to the nominal value of something. bonds callable at a premium of six percent.

What is the best way to describe a premium?

When premium is a noun, it means the money you pay each month for your car insurance or a charge that's added on top of a standard payment. It also means a prize or reward. As an adjective, premium implies something of superior quality that probably costs more too.

What is better than premium?

When you're at the gas pump, you're given options - typically: Regular, Premium and Super (or Supreme or Premium Plus). But what's the difference, other than the price? Regular gas has the lowest octane rating, Premium has a higher octane and Super (or Supreme or Premium Plus) has the highest octane.