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Definition of premium​

User Labynocle
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2 Answers

1 vote

Step-by-step explanation:

the amount of money that you pay regularly to a company for insurance against accident damages

User DavidsKanal
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7.1k points
3 votes

Answer:

1a : a reward or recompense for a particular act

b : a sum over and above a regular price paid chiefly as an inducement or incentive

c : a sum in advance of or in addition to the nominal value of something

bonds callable at a premium of six percent

d : something given free or at a reduced price with the purchase of a product or service

2 : the consideration paid for a contract of insurance

3 : a high value or a value in excess of that normally or usually expected

User Wayne Conrad
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