What's the difference between commission and premium?

Commission


Definition:

  • (n.) The act of committing, doing, or performing; the act of perpetrating.
  • (n.) The act of intrusting; a charge; instructions as to how a trust shall be executed.
  • (n.) The duty or employment intrusted to any person or persons; a trust; a charge.
  • (n.) A formal written warrant or authority, granting certain powers or privileges and authorizing or commanding the performance of certain duties.
  • (n.) A certificate conferring military or naval rank and authority; as, a colonel's commission.
  • (n.) A company of persons joined in the performance of some duty or the execution of some trust; as, the interstate commerce commission.
  • (n.) The acting under authority of, or on account of, another.
  • (n.) The thing to be done as agent for another; as, I have three commissions for the city.
  • (n.) The brokerage or allowance made to a factor or agent for transacting business for another; as, a commission of ten per cent on sales. See Del credere.
  • (v. t.) To give a commission to; to furnish with a commission; to empower or authorize; as, to commission persons to perform certain acts; to commission an officer.
  • (v. t.) To send out with a charge or commission.

Example Sentences:

  • (1) The secretary of state should work constructively with frontline staff and managers rather than adversarially and commit to no administrative reorganisation.” Dr Jennifer Dixon, chief executive, Health Foundation “It will be crucial that the next government maintains a stable and certain environment in the NHS that enables clinical commissioning groups (CCGs) to continue to transform care and improve health outcomes for their local populations.
  • (2) Roger Madelin, the chief executive of the developers Argent, which consulted the prince's aides on the £2bn plan to regenerate 27 hectares (67 acres) of disused rail land at Kings Cross in London, said the prince now has a similar stature as a consultee as statutory bodies including English Heritage, the Commission for Architecture and the Built Environment and professional bodies including Riba and the Royal Institute of Chartered Surveyors.
  • (3) Using an explicit process, the Oregon Health Services Commission has completed the ranking of 714 condition-treatment pairs.
  • (4) Quoting the BBC-commissioned survey of more than 2,000 adults, Lyons said they had been given six choices what to do with the licence fee surplus once digital switchover was complete.
  • (5) To settle the case, Apple and the four publishers offered a range of commitments to the commission that will include the termination of current agency agreements, and, for two years, giving ebook retailers the freedom to set their own prices for ebooks.
  • (6) It is important for this commission to get to the truth of what happened and it's able to carry on without interference and disruption.
  • (7) We are confident that the European commission’s state aid decision on Hinkley Point C is legally robust,” a spokeswoman for Britain’s Department of Energy and Climate Change said last week.
  • (8) The breakdown of answers to both questions revealed a significant partisan divide depending on people’s voting intention, with Labor supporters much more likely than Coalition backers to see the commission as a political attack and Heydon as conflicted.
  • (9) The £1m fine, proposed during the Leveson inquiry into press standards, was designed to demonstrate how seriously the industry was taking lessons learned after the failure of the Press Complains Commission tto investigate phone hacking at the News of the World.
  • (10) The European commission president, José Manuel Barroso, and the EU council president, Herman Van Rompuy, were both right to brand it unacceptable.
  • (11) The venture capitalist argued in his report, commissioned by the Downing Street policy guru Steve Hilton, in favour of "compensated no fault-dismissal" for small businesses.
  • (12) This is such an emotional thing in positive terms about the EU.” Marek Prawda, Poland’s former ambassador to the EU and now head of the European commission in Warsaw, says: “For us, being an EU member is the inverse of what was said in your referendum campaign about ‘taking back control’.
  • (13) The independent Low Pay Commission will advise on the path future increases should take, taking into account the state of the economy.
  • (14) A government-commissioned review into the RET, headed by the businessman and climate change sceptic Dick Warburton, concluded that while it has largely achieved its aims and helped create jobs in clean energy, it should be either wound back or cut off entirely.
  • (15) The two moves were seen as significant because the Electoral Commission had made clear that secondary legislation, which must be passed before the referendum can be held, should be introduced six months before the referendum.
  • (16) Now US officials, who have spoken to Reuters on condition of anonymity, say the roundabout way the commission's emails were obtained strongly suggests the intrusion originated in China , possibly by amateurs, and not from India's spy service.
  • (17) The commission heard AWH charged luxury accommodation in Queensland, limousine rides and Liberal party donations to Sydney Water.
  • (18) The European commission has three official "procedural languages": German, French and English.
  • (19) Outside of human resources matters, they cover changes to services; reconfiguration of services; deciphering all the rules and regulations so that people can do their jobs; interpreting the complicated rules around commissioning care; commercial deals; inquests and dealing with families; and supporting clinical staff in making the right decision in the best interest of the patient.
  • (20) There, the US Joint Commission, an independent, non-profit organisation that accredits healthcare organisations and programmes has issued a standard on “behaviours that undermine a culture of safety” to tackle “intimidating and disruptive behaviour at work”.

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.