premium
noun /ˈpriːmiəm/
/ˈpriːmiəm/
Idioms - an amount of money that you pay once or regularly for an insurance policy
- a monthly premium of £6.25
Synonyms paymentpayment- premium
- contribution
- subscription
- repayment
- deposit
- instalment
- payment an amount of money that you pay or are expected to pay; the act of paying:
- ten monthly payments of $50
- payment in advance
- premium an amount of money that you pay once or regularly for an insurance policy; an extra payment added to the basic rate; a higher amount of money than usual:
- an insurance premium
- a premium for express delivery
- contribution a sum of money that you pay regularly to your employer or the government in order to pay for benefits such as health insurance, a pension, etc:
- You can increase your monthly contributions to the pension plan.
- subscription an amount of money you pay in advance to receive a service:
- a subscription to Netflix
- repayment (British English) an amount of money that you pay regularly to a bank, etc. until you have returned all the money that you owe; the act of paying this money:
- the repayments on the loan
- deposit an amount of money that you pay as the first part of a larger payment:
- We've put down a 5 per cent deposit on the house.
- instalment one of a number of payments that you make regularly over a period of time until you have paid for something:
- We paid for the car by/in instalments.
- (a/an) annual/monthly/regular payment/premium/contributions/subscription/repayment/deposit/instalment
- payment/repayment in full
- to pay a(n) premium/contribution/subscription/deposit/instalment
- to make a payment/repayment/deposit
- to meet/keep up (with) (the) payment(s)/the premiums/(the) repayment(s)/the instalments
Wordfinder- actuary
- annuity
- cover
- excess
- insurance
- no-claims bonus
- policy
- premium
- risk
- underwrite
Extra Examples- Intense competition has kept premiums low.
- The insurance company has increased our premiums.
- Premiums on many cars will go up this year.
- We're struggling to keep up our premiums.
Oxford Collocations Dictionaryadjective- annual
- monthly
- regular
- …
- pay
- afford
- keep up
- …
- go up
- increase
- rise
- …
- payment
- rate
- increase
- …
- premium for
- premium on
- an extra payment added to the basic rate
- You have to pay a high premium for express delivery.
- A premium of 10 per cent is paid out after 20 years.
- He was willing to pay a premium for a house near the sea.
- There's a risk premium of probably $10 a barrel built into oil prices.
- a premium-rate phone number
Oxford Collocations Dictionaryadjective- hefty
- high
- small
- …
- pay
- charge
- place
- …
- at a premium
- premium of
- premium on
- …
Word Originearly 17th cent. (in the sense ‘reward, prize’): from Latin praemium ‘booty, reward’, from prae ‘before’ + emere ‘buy, take’.
Idioms
at a premium
- if something is at a premium, there is little of it available and it is difficult to get
- Space is at a premium in a one-bedroomed apartment.
- Good student accommodation is at a premium.
- at a higher than normal price
- Shares are selling at a premium.
put/place/set a premium on somebody/something
- to think that somebody/something is particularly important or valuable
- The company places a high premium on initiative.
- They put a high premium on customer loyalty.