premie
Premie is a term used in Dutch and several related languages to denote a payment made for protection, service, or potential profit. In everyday use it most often refers to an insurance premium — the regular amount paid to maintain coverage under a life, health, auto, or property policy. Premiums are typically calculated based on risk factors such as age, health, coverage amount, policy term, and deductibles, and they can be fixed or variable. They are usually paid monthly, quarterly, or annually; missed payments may lead to a lapse in coverage, subject to policy terms and grace periods.
In financial markets, premium denotes the price paid to acquire a financial instrument or to compensate a
Etymology: The word derives from French prime, meaning reward or premium, and has been adopted in Dutch