What's the difference between award and premium?

Award


Definition:

  • (v. t.) To give by sentence or judicial determination; to assign or apportion, after careful regard to the nature of the case; to adjudge; as, the arbitrators awarded damages to the complainant.
  • (v. i.) To determine; to make an award.
  • (v. t.) A judgment, sentence, or final decision. Specifically: The decision of arbitrators in a case submitted.
  • (v. t.) The paper containing the decision of arbitrators; that which is warded.

Example Sentences:

  • (1) For the 18-month period from January 1988, 652 awards were made, consisting of 426 (65%) brand and 226 (35%) generic drugs.
  • (2) Hollywood legend has it that, at the first Academy awards in 1929, Rin Tin Tin the dog won most votes for best actor.
  • (3) Before the offer for the jungle came in she was meant to be presenting the Plus Size Awards this week, an event supporting plus-size people who are doing amazing things but are overlooked by the mainstream.
  • (4) The night's special award went to armed forces broadcaster, BFBS Radio, while long-standing BBC radio DJ Trevor Nelson received the top prize of the night, the gold award.
  • (5) The award for nonfiction went to New Yorker staff writer Evan Osnos for his book on modern China, Age of Ambition .
  • (6) American Horror Story is a paean to the supernatural whose greatest purpose is letting washed-up actors and pop stars chew the scenery on the way to winning awards .
  • (7) All was very accomplished; her award-winning photographs have been exhibited in the Smithsonian Institution in Washington, and her articles and pictures were published in books, periodicals, and newspapers around the world.
  • (8) But it is as a winner of "best dressed" and "most inspiring" awards that she remains well-known.
  • (9) Losing Murphy is a blow to the Oscars which has struggled to liven up its image amid a general decline in its TV ratings over the last couple of decades and a rush of awards shows that appeal to younger crowds, such as the MTV Movie Awards.
  • (10) They also made it clear that they would seek to use the award to bring their two countries closer together and said they would invite their prime ministers, Nawaz Sharif of Pakistan and Narendra Modi of India, to the award ceremony in Oslo in December.
  • (11) Maggie and Joe Forber win the 2013 Unsung Hero (es) of the Year award.
  • (12) Last week, the army major who ordered Dar to be tied to the vehicle was awarded a commendation for his counter-insurgency work in the region.
  • (13) Since leaving the group last April – taking home a reported £3.1m in salary, compensation and future share awards – the work has not stopped.
  • (14) A week after the New York Film Critics Circle gave the movie its top award, a liberal political commentator wrote: "I'm betting that Dick Cheney will love [the film, which is] a far, far cry from the rousing piece of pro-Obama propaganda that some conservatives feared it would be."
  • (15) Both athletes and technicians awarded higher scores to risk than to efficacy for any substance, although 42-67% of athletes and technicians regarded amphetamines and anabolic steroids as efficacious.
  • (16) An Artist of the Floating World won the Whitbread Book of the Year award and was nominated for the Booker prize for fiction; The Remains of the Day won the Booker; and When We Were Orphans, perceived by many reviewers as a disappointment, was nominated for both the Booker and the Whitbread.
  • (17) The 2014 MTV Video Music Awards didn’t achieve the same degree of controversy as last year’s celebration of tongues, twerking and teddy bears , but between a speech by a homeless teen, an ill-timed wardrobe malfunction, and Beyoncé’s spectacular, epic, show-stopping finale, there were nevertheless a few moments worth watching.
  • (18) Now, 42 years later, he lives in the same flat in Portland Place, central London, though he is richer by £1bn, a peer in the House of Lords, and this week received a lifetime achievement gong at the Asian Business Awards.
  • (19) It appeared Dunaway and Warren Beatty had an envelope containing a card naming a previous award won by La La Land, prompting visible hesitation between the two veteran actors before Dunaway went ahead and named La La Land.
  • (20) Despite winning Chelsea's player of the year award for the past two seasons, Mata has found his opportunities restricted since Mourinho's return to Stamford Bridge last summer.

Premium


Definition:

  • (n.) A reward or recompense; a prize to be won by being before another, or others, in a competition; reward or prize to be adjudged; a bounty; as, a premium for good behavior or scholarship, for discoveries, etc.
  • (n.) Something offered or given for the loan of money; bonus; -- sometimes synonymous with interest, but generally signifying a sum in addition to the capital.
  • (n.) A sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind.
  • (n.) A sum in advance of, or in addition to, the nominal or par value of anything; as, gold was at a premium; he sold his stock at a premium.

Example Sentences:

  • (1) He added: "Jobs and innovation and skills are really at a premium and are so needed, particularly in a place like the UK."
  • (2) Increasing food inflation means families within this group have to pay a £280 cost of living "premium" as they spend a greater share of their budget on essentials (which have risen faster than other goods) compared with higher-income households.
  • (3) It is likely most simply cannot afford full unsubsidized premiums.” Similarly, an analysis by the Urban Institute predicts that many of those who will lose their subsidies won’t be able to afford it without them and will cancel their insurance as a result.
  • (4) Rupert Murdoch has a battle on his hands to win over leading shareholders in BSkyB, who scent the opportunity for a high-stakes game of brinkmanship and are pushing for a premium price of well over £10bn for full control of the pay-television company.
  • (5) They are also concerned that house insurance premiums may increase substantially," she said.
  • (6) Houlihan said there was no sign that the "premium sports rights bubble" was about to burst: "Premium live sport delivers large audiences, typically characterised by an attractive demographic profile.
  • (7) • You can make a quick search for outstanding NS&I premium bond prizes online using the prize checker .
  • (8) Patients were randomized to have their skin closed with either continuous subcuticular non-absorbable polypropylene 'prolene' suture (33 patients) or metal skin staples (Autosuture 'Premium' or Davis and Geck 'Oppose'; 33 patients).
  • (9) The national obsession with smartphones and tablets appears to be firing demand for EE's faster service, despite its premium price.
  • (10) Debenhams said it also trailed behind its rivals in terms of convenience because it lacked a competitive range of premium delivery options.
  • (11) The company, which claims to have more than 24 million users, a quarter of whom pay for its premium ad-free service, has a $200m credit line from lenders including Morgan Stanley, Deutsche Bank and Goldman Sachs, any of which could take the lead role in a flotation and earn millions in fees.
  • (12) The company’s success reflects affluent shoppers’ willingness to pay extra for products perceived to be of high quality, made with premium ingredients.
  • (13) This is in contrast to regular monthly premium payments which incur no further cost to the consumer if cancelled.
  • (14) In early February , about 70% of those who signed up for Aetna health plans through Obamacare went on to pay their premiums.
  • (15) The aim would be to raise insurance premiums and other shipping costs, and so boost oil prices as a way of inflicting pain on the west and replacing revenues lost through the embargo.
  • (16) Total costs (premium and out-of-pocket) for enrollees are 10 to 40 per cent lower than those for comparable people with health insurance.
  • (17) Almost 15,000 adopted children, many of them teenagers, will miss out on a £1,900 "pupil premium" for publicly funded schools in England, to provide extra help for them, according to the support group Adoption UK .
  • (18) A number of companies, including B&Q, Tesco and Morrisons have raised basic pay only to cut perks and premium payments for weekend, holiday or late working.
  • (19) I think that’s why 70% of the public now supports public ownership … the passengers pay a premium for privatisation.” For Cash, the short changing of passengers to benefit a few shareholders is symptomatic of the current regime – austerity for the many and prosperity for the few.
  • (20) However, even if you prefer Marmite to marmalade on your toast, citrus peel is a powerful tool in the kitchen, especially at this time of year, when bright, fresh flavours are at a premium.

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