premium vs payment
payment vs premiumpremium and payment both are nouns.
premium is an adjective but payment is not an adjective.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| premium | Yes | Yes | No | No |
| payment | Yes | No | No | No |
As nouns,
payment is a hypernym of
premium; that is, payment is a
word with a broader meaning than premium:
- premium: payment for insurance
- payment: a sum of money paid or a claim discharged
| premium (noun) | payment (noun) |
|---|---|
| the amount that something in scarce supply is valued above its nominal value | the act of paying money |
| payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military | an act of requiting; returning in kind |
| payment for insurance | a sum of money paid or a claim discharged |
| 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) | payment (adjective) |
|---|---|
| having or reflecting superior quality or value; having a higher price or cost |
Words related to "premium"
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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