What's the difference between discount and premium?

Discount


Definition:

  • (v.) To deduct from an account, debt, charge, and the like; to make an abatement of; as, merchants sometimes discount five or six per cent for prompt payment of bills.
  • (v.) To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange.
  • (v.) To take into consideration beforehand; to anticipate and form conclusions concerning (an event).
  • (v.) To leave out of account; to take no notice of.
  • (v. i.) To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.
  • (v. t.) A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted.
  • (v. t.) A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money.
  • (v. t.) The rate of interest charged in discounting.

Example Sentences:

  • (1) The government’s increase in the discount offered to tenants has prompted a massive increase in purchases of local authority accommodation.
  • (2) A 20% discount will save the average first-time buyer £43,000 on a £218,000 home (the average cost paid by such buyers), which would leave a revenue shortfall of £8bn from income if current regulatory obligations had been retained on the 200,000 homes.
  • (3) • plans to consult on increasing discounts under right to buy.
  • (4) Tesco has revamped its budget range of value products with a new range of own-label “farm” brands as it steps up its fight against German discounters Aldi and Lidl.
  • (5) They cover popular claims involving discounts such as "was £3, now £2" or "half price", which must now only be offered for the same or less time than the product was initially sold at the higher price.
  • (6) • Plans to consult on increasing discounts under right to buy – the scheme which allows social housing tenants to buy their properties.
  • (7) A modified delayed-reinforcement scheduling procedure enabled a previous methodological criticism to be discounted.
  • (8) When I peruse a potential bargain I know I am influenced more by the extent of the reduction than whether the discounted item is something we really want.
  • (9) This difference was even more significant--16.4 and -0.5%--when usage of oral contraceptives and intrauterine devices was discounted.
  • (10) A major disruption in primary metabolism and hence secondary metabolism was discounted since eight primary metabolism enzymes showed no evidence of unusual changes in specific activity when normal and manganese-deficient cultures were compared.
  • (11) "Women with children are blamed for combining motherhood with paid work, and women with no children are sidelined and discounted because they are not mothers."
  • (12) Britain's Department of Health and Social Security (DHSS) seems to have badly miscalculated in discounting the political necessity of immediately introducing legislation to ban surrogate parenthood arrangements.
  • (13) The new plug-in car grant, a plan first revealed by the Guardian last April , will offer car-buyers a maximum £5,000 discount on electric, plug-in hybrid and hydrogen vehicles from 1 January 2011.
  • (14) Comparison of these figures assumes the controversial point that preclinical cancer will always progress to invasive carcinoma if left untreated and takes no account of inflation and discounting.
  • (15) The discount retailer, which sells products ranging from biscuits to dog food and washing-up liquid, said total sales increased more than 12% to nearly £350m in the three months to the end of December.
  • (16) By discounting the relevance of child sexual trauma, psychiatric clinicians and theoreticians overlook not only the therapeutic needs of many survivors but the opportunity to reconceptualize the role of trauma in the etiology and treatment of conditions presumed to be incurable.
  • (17) Established methods of drug product management, such as formularies and MACs, were most commonly reported by HMOs; however, nearly half reported using new approaches, including contracts with manufacturers, incentives, such as discounts and rebates based on use, and exclusive or preferred status.
  • (18) In one clothes shop, with racks of discounted Calvin Klein and DKNY, the manager, Sav, explains what's happened: "In this crisis, the middle classes have been hollowed out."
  • (19) The average amount of life expectancy gained by immediate cholecystectomy compared with expectant management is 52 days, which is reduced to 23 days using 5% discounting.
  • (20) Tesco’s accounting scandal has led to concerns about the way the sector handles payments from suppliers for promoting products or hitting sales targets, and UK grocers are operating under fierce competition from discounters such as the German company Aldi which has reported a 65% rise in profits in the UK.

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.