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premium


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1 The price paid for an insurance policy. This may be a monthly or annual payment, or it is possible to take out a single-premium policy by a lump-sum payment.

2 A share price higher than the issue price. A share traded at a price higher than its issue price stands at a premium.

3 An addition to interest rates required to compensate lenders for risk. See also risk premium.

Subjects: Social sciencesEconomics


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