OXFORD 9000
📚 noun • entry_id 17317

premium

/ˈpɹiː.miː.əm/
Meanings (ES + gloss)
premio
A prize or award.
bonificación • premio • prima • recargo
A bonus paid in addition to normal payments.
At first I wrote it off to the simpler protocols of grandparenthood, with its premium on uncomplicated gestures of generosity and love.
prima
The amount to be paid for an insurance policy.
(Of course, if an insured dies during the grace period, the unpaid annual premium or instalment thereof is past due and therefore is deducted from the death benefit.)
Notice that these premia would exist even in a world of risk-neutral lenders if there were identifiable classes of nonrepaying borrowers.