Initial premium,
Definition of Initial premium:
The premium paid at the beginning of the policy. This amount may be adjusted at the end of the contract term.
Meaning of Initial premium & Initial premium Definition
Initial Premium,
What is The Definition of Initial Premium?
Initial Premium refers to Amount to be paid at the end of the insurance contract.
Literal Meanings of Initial Premium
Initial:
Meanings of Initial:
Mark or sign with your initials to confirm or validate (document).
The first letter of a name or word, usually the name of a person or word that is part of a sentence.
To appear or be present
Sentences of Initial
This person signed three terms
Their earliest paintings are inscribed on tree trunks.
Our first impression is positive
Synonyms of Initial
fledgling, put one's initials on, initial letter, superscribe, starting, commencing, beginning, witness, countersign, embryonic, opening, autograph, sign, endorse, beginning letter, inceptive, put one's mark on, inscribe
Premium:
Meanings of Premium:
Price added to price or general cost.
Something is given as a gift, reward or incentive.
Sentences of Premium
Accurately, the earnings of a pensionable worker are made up of the premium paid in addition to his salary for the equivalent claim.
Consumers are reluctant to pay more for organic fruits
The Society des Arts gave him a bonus
Synonyms of Premium
surcharge, extra charge, additional payment, regular payment, reward, bonus, extra amount, perk, insurance payment, extra, prize, percentage, remuneration, instalment, insurance charge, additional fee, recompense
Initial Premium,
Definition of Initial Premium:
Amount paid at the end of the insurance contract.
Literal Meanings of Initial Premium
Initial:
Meanings of Initial:
Located in the current or start.
Mark or sign (document) with your letters for verification or verification.
Sentences of Initial
Their initial names are inscribed on tree trunks.
Synonyms of Initial
inchoate, earliest, underwrite, introductory, preparatory, early, prime, abbreviation, foundational, initialism, first, rudimentary, inaugural, pilot, incipient, elementary, acronym, preliminary, test, primary, trial
Premium:
Meanings of Premium:
Amount payable under the insurance contract.
Price or value added to the general price.
Sentences of Premium
Consumers are reluctant to pay too much for organic fruits.
Synonyms of Premium
inducement, incentive, bounty, extra amount/charge, perquisite