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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 premium
    to give money in exchange for goods or services regarding monthly insurance premium
  • Medium premium quality craftsmanship and materials
    describing premium quality craftsmanship and materials (payment for insurance)
  • Hard trade at a substantial premium to book value
    to trade at a substantial premium to book value, meaning to engage in the trade of
  • Very Hard put a high premium on honesty and loyalty
    to 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.