Definitions of "premium"
  1. A financial term referring to the amount by which the market price of a security exceeds its face value or par value
  2. The total cost of an insurance policy, calculated by multiplying the cost per unit by the number of units
How to use "premium" in a sentence
  1. The company decided to raise the premium on their insurance policies due to increased risks.
  2. He sold his bonds at a high premium, making a profit over the face value.
  3. Paying the monthly premium on time ensures that the insurance coverage remains active.

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