What's the difference between premium and prize?

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.

Prize


Definition:

  • (n.) That which is taken from another; something captured; a thing seized by force, stratagem, or superior power.
  • (n.) Anything captured by a belligerent using the rights of war; esp., property captured at sea in virtue of the rights of war, as a vessel.
  • (n.) An honor or reward striven for in a competitive contest; anything offered to be competed for, or as an inducement to, or reward of, effort.
  • (n.) That which may be won by chance, as in a lottery.
  • (n.) Anything worth striving for; a valuable possession held or in prospect.
  • (n.) A contest for a reward; competition.
  • (n.) A lever; a pry; also, the hold of a lever.
  • (v. t.) To move with a lever; to force up or open; to pry.
  • (v. t.) To set or estimate the value of; to appraise; to price; to rate.
  • (v. t.) To value highly; to estimate to be of great worth; to esteem.
  • (n.) Estimation; valuation.

Example Sentences:

  • (1) In January 2011, the Nobel peace prize laureate was admitted to a Johannesburg hospital for what officials initially described as tests but what turned out to be an acute respiratory infection .
  • (2) 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.
  • (3) The 61-year-old paid to transport prize-winning children to the fair in St Thomas and funded their accommodation.
  • (4) After winning his prize, Malcolm Turnbull must learn from Abbott's mistakes Read more Abbott appointed Warren Mundine to head his hand picked advisory council on Indigenous affairs.
  • (5) 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.
  • (6) Three scientists, George Wald, Ragnar Granit, and Haldan Keffer Hartline, were named last week to share the 1967 Nobel prize in medicine or physiology.
  • (7) The agency notes, too, that the Norwegian broadcaster NRK has form when it comes to announcing peace prize winners early, saying last year the EU had triumphed an hour before the official announcement.
  • (8) Concern for the future and belief in scientific progress provided the motive for the foundation of the Prize which, in our time, is one of the most coveted of honours.
  • (9) The launch of M-Farm followed a €10,000 (about £8,500) investment prize.
  • (10) The young woman is Nobel Peace Prize winner Ellen Johnson-Sirleaf, then part of the new guard of dissidents and critics, now the president of Liberia.
  • (11) How can a prize that is supposed to be for one person be given to an amorphous supranational organisation?
  • (12) But there was a shock with the Jury prize, which went to Polisse, one of the four films in competition directed by a woman.
  • (13) For many, free movement is the price that has to be paid for the prize of single market membership.
  • (14) GNM accepts no responsibility for any costs associated with the prize that are not expressly included in the prize.
  • (15) The IPCC is charged with providing a scientific, balanced assessment about what's known and what's known about climate change There are lots of organisations ringing bells The IPCC is more like a belltower, which people can climb up to get a clear view 8.41am BST Al Gore , the former US vice-president and winner of the Nobel peace prize for his work on climate change , has responded to the IPCC report by saying it shows the need for a switch to low carbon sources of energy (note his emphasis is on mitigation, i.e.
  • (16) Peter Vipond, director of regulation and tax at the Association of British Insurers, said: "We are concerned that so far none of the bodies will have a statutory objective to maintain London's competitiveness as a global financial sector – this is too valuable a prize to be thrown away."
  • (17) Boyle, who on Sunday night received an outstanding contribution prize at the Empire awards, said he was not a fan of stereoscope on film and doubted it would survive.
  • (18) The possible reasons why Kitasato lost the first Nobel Prize for medicine to von Behring are presented.
  • (19) The Tasmanian writer said he was “stunned” to be in the running for the prestigious UK-based literary prize, which for the first time has been opened to authors of any nationality.
  • (20) But NS&I has announced that it is cutting the prize fund rate from 1 May, although the chances of winning a prize will remain the same at 30,000-1 as the number of £25 prizes will increase.