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additional premium

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  • additional premium — An additional payment required of a mortgagor for the privilege of paying the principal in advance, thereby stopping the accumulation of interest. Anno: 70 ALR2d 1334. The term is also used to designate the increase in premium payable under an… …   Ballentine's law dictionary

  • additional premium — /əˌdɪʃ(ə)nəl pri:miəm/ noun a payment made to cover extra items in an existing insurance …   Dictionary of banking and finance

  • premium — {{Roman}}I.{{/Roman}} noun 1 extra value/price ADJECTIVE ▪ hefty, high ▪ The company is charging a pretty hefty premium for access to their network. ▪ small ▪ additional …   Collocations dictionary

  • Premium-rate telephone number — Premium rate telephone numbers are telephone numbers for telephone calls during which certain services are provided, and for which prices higher than normal are charged. Unlike a normal call, part of the call charge is paid to the service… …   Wikipedia

  • premium — premium, prize, award, reward, meed, guerdon, bounty, bonus are comparable when they mean something which is bestowed upon a person as a recompense for cooperation, greater effort, superior merit, or supremacy in competition. Premium is applied… …   New Dictionary of Synonyms

  • premium — [prē′mē əm] n. pl. premiums [L praemium, reward, recompense < prae , before + emere, to take: see PRE & REDEEM] 1. a reward or prize, esp. one offered free or at a special low price as an added inducement to buy or do something; bonus 2. an… …   English World dictionary

  • Premium e-mail — is a term used for professional grade e mail services that charge a fee as opposed to free e mail services that are supported by advertising.Premium e mail is used to indicate a higher level of professional care and service. Some e mail services… …   Wikipedia

  • premium pay — ➔ pay1 * * * premium pay UK US noun [U] (also premium) HR, WORKPLACE ► money that is paid in addition to someone s regular rate of pay for working extra hours, at night, etc.: »The additional shifts offer premium pay that is 1.1 to 1.5 times the… …   Financial and business terms

  • additional liability — England, Wales In the context of dispute resolution, an additional liability can be a success fee under a conditional fee agreement, the insurance premium for ATE insurance or the additional amount in respect of provision made by a membership… …   Law dictionary

  • premium — consideration paid for an insurance policy. Glossary of Business Terms (1) The additional payment allowed by exchange regulation for delivery of higher than required standards or grades of a commodity against a futures contract. (2) In speaking… …   Financial and business terms

  • Premium — (1) Amount paid for a bond above the par value. (2) The price of an option contract; also, in futures trading, the amount the futures price exceeds the price of the spot commodity. Related: inverted market premium payback period. Also called… …   Financial and business terms

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