premium
US /ˈprimiəm/
noun, adjective Target · B2 Tài chính & ngân sách
Definition
payment for insurance
Tested in TOEIC business and workplace contexts.
Examples
Customers pay a higher premium for the insurance plan with extra coverage.
Synonyms
- insurance feehaving a meaning similar to premium
- high-endhaving a meaning similar to premium
- bonusanything that tends to arouse
Collocations
- Easy pay monthly insurance premiumto give money in exchange for goods or services regarding monthly insurance premium
- Medium premium quality craftsmanship and materialsdescribing premium quality craftsmanship and materials (payment for insurance)
- Hard trade at a substantial premium to book valueto trade at a substantial premium to book value, meaning to engage in the trade of
- Very Hard put a high premium on honesty and loyaltyto put a high premium on honesty and loyalty, meaning to put into a certain place or abstract location
Learner's English edition · Curated definitions for TOEIC learners.