Ask Question
2 November, 07:12

What is premium?

+2
Answers (1)
  1. 2 November, 08:25
    0
    See the answer below

    Explanation:

    The definition of premium will vary depending on the context in which it is being used.

    If it is used in the insurance context, a premium is an amount of money paid at regular intervals (usually annually) to an insurance company by persons that want their properties insured under a given insurance plan.

    In finance, premium can mean the total cost incurred in buying derivative financial instruments or the difference between the actual price of a bond and the price of issuance of the bond.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is premium? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers