Annualized Premium
The total amount of the annual premiums paid is called the annual premium.
Literal Meanings of Annualized Premium
Annualized:
Meanings of Annualized:
Express (amounts such as interest rates, profits, expenses, etc.) as if they were real or measured over the course of a year.
Sentences of Annualized
To extrapolate net income for the year, divide net income to date by the number of months completed and multiply by twelve.
Premium:
Meanings of Premium:
Prize or award.
Something is offered at a discounted price as an incentive to buy something else.
A bonus that is paid in addition to the regular payments.
The amount to be paid for insurance.
Unusually high value.
The amount by which the value of a security exceeds its face value.
Superior in superior quality for price or value.
High-end refers to the market segment between mid-range and luxury.
