insurance premium payment
31premium — {{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 …
32premium — 01. He has expensive tastes, and will only buy [premium] cuts of meat. 02. The yearly [premium] on our house insurance has gone down slightly because we ve never made any claims on it. 03. If you buy [premium] gas for your car, it will run… …
33insurance reserve — Reserve Re*serve , n. [F. r[ e]serve.] 1. The act of reserving, or keeping back; reservation. [1913 Webster] However any one may concur in the general scheme, it is still with certain reserves and deviations. Addison. [1913 Webster] 2. That which …
34premium — noun / pri:miəm/ 1. a regular payment made to an insurance company for the protection provided by an insurance policy 2. an amount to be paid to a landlord or a tenant for the right to take over a lease ● flat to let with a premium of £10,000 ●… …
35insurance — n. 1 the act or an instance of insuring. 2 a a sum paid for this; a premium. b a sum paid out as compensation for theft, damage, loss, etc. 3 = insurance policy. 4 a measure taken to provide for a possible contingency (take an umbrella as… …
36insurance — /ɪnˈʃɔrəns / (say in shawruhns), / ˈʃʊə / (say shoouh ) noun 1. the act, system, or business of insuring property, life, the person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like …
37insurance broker — noun an agent who sells insurance • Syn: ↑insurance agent, ↑general agent, ↑underwriter • Derivationally related forms: ↑underwrite (for: ↑underwriter) • …
38premium — noun (plural premiums) 1》 an amount paid for a contract of insurance. 2》 a sum added to an ordinary price, charge, or other payment. ↘[as modifier] (of a commodity) superior and more expensive. 3》 something given as a reward or incentive.… …
39premium loan provision — The provision frequently found in life insurance contracts that upon the failure of the insured to pay a premium within a time stipulated for payment, the insurer, without more, will pay the premium in insured s behalf and charge it as a loan… …
40insurance policy — A Contractual arrangement to compensate for potential future illness or loss of life, or for the loss or impairment of *assets. Insurance is a means of *risk management, and insurance cover is normally arranged through the regular payment of a… …
