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premium vs incentive

incentive vs premium

premium and incentive both are nouns.

premium is an adjective but incentive is not an adjective.

Word NounAdjectiveVerbAdverb
premium Yes Yes No No
incentive Yes No No No
As nouns, incentive is a hypernym of premium; that is, incentive is a word with a broader meaning than premium:
  • premium: a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
  • incentive: an additional payment (or other remuneration) to employees as a means of increasing output
Other hypernyms of premium include award, prize, bonus.
premium (noun) incentive (noun)
the amount that something in scarce supply is valued above its nominal value a positive motivational influence
payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military an additional payment (or other remuneration) to employees as a means of increasing output
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.
premium (adjective) incentive (adjective)
having or reflecting superior quality or value; having a higher price or cost
Difference between premium and incentive

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