single premium
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single premium
noun
a single payment that covers the entire cost of an insurance policy.
Origin:
1875–80
1875–80
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Based on the Random House Dictionary, © Random House, Inc. 2013.
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Single premium
is always a great word to know.
So is slumgullion. Does it mean:
| a printed punctuation mark (‽), available only in some typefaces, designed to combine the question mark (?) and the exclamation point (!), indicating a mixture of query and interjection, as after a rhetorical question. |
| a stew of meat, vegetables, potatoes, etc. |
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Example sentences
Financing single premium credit insurance which costs consumers thousands extra over the life of a loan.
If a single insurance charge is made to the debtor, whether or not the charge is financed, a single premium must be used.
Immediate annuities are purchased with a single premium, and begin paying at once.
Single premium contracts require you to pay the company only one premium.
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