Premium
n.Amount pain in installments or in single payment to cover the insured amount specified in an insurance policy by the insured to the insurance company.
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CONVERSION PREMIUM - The amount, expressed as a dollar value or as a percentage, by which the price of the convertible security exceeds the current market value of the common stock into which it may be converted.
Premium: The amount paid for insurance coverage.
Prescription: 1. A means of acquiring a right through continued possession and use over a prolonged period of time.
premium 1 : the difference between the face value or par value of a security and its market price when the latter is greater compare discount 2 : the price paid for an insurance contract equal to the cost ...
Premium: The amount the policy-holder or his sponsor (e.g. an employer) pays to the health plan each month to purchase health coverage.
Deductible: The amount that the insured must pay out-of-pocket before the health insurer pays its share.
premium
n. 1) payment for insurance coverage either in a lump sum or by installments. 2) an extra payment for an act, option or priority.
Net premium
Definition - Noun
: an insurance premium consisting of the amount required to pay the insurance liability on its becoming due without paying any expenses or contingent charges
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a contract (insurance policy) in which the insurer (insurance company) agrees for a fee (insurance premiums) to pay the insured party all or a portion of any loss suffered by accident or death.
For example, the usual acknowledgment in a policy of insurance of the receipt of premium from the assured, is conclusive of the fact as between the underwriter and the assured; Dalzell v. Mair, 1 Camp.
Net Wage Loss: Typically, gross income lost, minus liability for taxes and Employment Insurance premiums. For example, a gross income of $60,000 per year, reduced by taxes of $20,000 and E.I.
When a share is issued, the person applying for it must pay to the company, in cash or equivalent value, the amount of its nominal value together with any premium required by the company.
But variable universal life policies are riskier because the premiums are invested in stocks, rather than more predictable money market accounts and bonds.
Also called universal variable life insurance.
The insurance company promises to pay the insured a stated amount of money on the happening of an event if the insured pays premiums; note that the insured does not make any promise to pay the premiums.
Its defenders claim tort litigation promotes safety and economic efficiency, while critics argue the process does little but raise insurance premiums while providing windfalls to a handful of lawyers.
"'(P)ersonal property' includes goods, chattels, effects, bills, bonds, notes and securities, and shares, dividends, premiums and bonuses in a bank, company or corporation, and any interest therein."
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An account held in the borrower's name to pay obligations such as property taxes and insurance premiums.
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Grace Period
The period during which insurance continues to be in force despite a delayed payment of premium.
Employees and their families must pay the full premium, but they get to pay the employer-negotiated group rate, which is often less expensive than an individual rate.
Term: Grace Period
Definition: The period during which insurance continues to be in force despite a delayed payment of premium.
For example, a net lease with caps may specify that an increase in taxes beyond a certain point (or any new taxes) will be paid by the landlord. The same kind of protection can be designed to cover increased insurance premiums and maintenance ...
The first issue to be from £2,500,000, upon which, in the first instance, only a small amount should be paid up, but which should all be called up within a reasonable time. A further issue to be made afterwards, if possible at a premium.
they promise (upon your paying the bond premium) to stand for you in the event of your default and to pay whatever amount they pledged to the person for whom they promised to stand.
 See also: Law, Person, Information, State, Will
  
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