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insurance premium vs payment

payment vs insurance premium

insurance premium and payment both are nouns.

Word NounAdjectiveVerbAdverb
insurance premium Yes No No No
payment Yes No No No
As nouns, payment is a hypernym of insurance premium; that is, payment is a word with a broader meaning than insurance premium:
  • insurance premium: payment for insurance
  • payment: a sum of money paid or a claim discharged
insurance premium (noun) payment (noun)
payment for insurance the act of paying money
an act of requiting; returning in kind
a sum of money paid or a claim discharged
Difference between insurance premium and payment

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