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