payment vs premium
premium vs paymentpayment and premium both are nouns.
payment is not an adjective while premium is an adjective.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| payment | Yes | No | No | No |
| premium | Yes | Yes | No | No |
As nouns,
premium is a hyponym of
payment; that is, premium is a
word with a more specific, narrower meaning than
payment:
- payment: a sum of money paid or a claim discharged
- premium: payment for insurance
Other hyponyms of payment include
royalty, bonus, incentive, overpayment, underpayment, subscription, regular payment, blood money, recompense, refund, conscience money, support payment, reward, bribe, payoff, residual, benefit, lump sum, final payment, payoff, remission, remitment, remittal, remittance, quittance, repayment, token payment, penalty, pittance, insurance premium, installment, deposit, down payment, satisfaction, credit, deferred payment, cash, immediate payment.
| payment (noun) | premium (noun) |
|---|---|
| the act of paying money | the amount that something in scarce supply is valued above its nominal value |
| an act of requiting; returning in kind | payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military |
| a sum of money paid or a claim discharged | payment for insurance |
| a fee charged for exchanging currencies | |
| a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc. |
| payment (adjective) | premium (adjective) |
|---|---|
| having or reflecting superior quality or value; having a higher price or cost |
Words related to "payment"
- amortisation
- amortization
- benefit
- blood money
- bonus
- bribe
- cash
- commerce
- commercialism
- conscience money
- cost
- credit
- deferred payment
- defrayal
- defrayment
- deposit
- disbursal
- disbursement
- down payment
- fee splitting
- final payment
- getting even
- immediate payment
- incentive
- installment
- insurance premium
- lump sum
- mercantilism
- nonpayment
- outlay
- overpayment
- pay
- paying back
- payoff
- penalty
- pittance
- premium
- prepayment
- quittance
- ransom
- recompense
- refund
- regular payment
- remission
- remitment
- remittal
- remittance
- remuneration
- rendering
- repayment
- requital
- residual
- return
- reward
- royalty
- satisfaction
- spending
- subscription
- support payment
- token payment
- tribute
- underpayment
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