What is The Definition of AVERAGE RATE (OR PREMIUM)?

  • A simple definition of AVERAGE RATE (OR PREMIUM) is: The average rate or premium is the rate that applies to several (2 or more) elements of a comprehensive policy and is generally determined by the average price and rate applied to each element of the insured property. ۔

Literal Meanings of AVERAGE RATE (OR PREMIUM)


Meanings of AVERAGE:
  1. Achievement or achievement as an average rank or value over a period of time.

  2. A number that represents the central or general value in a set of data, specifically the mode, median, or (most often) meaning value, which is the sum of the values ​​in the set by their sum Is calculated by dividing.

  3. Transfer of financial responsibility for damage or financial loss to the ship or its cargo.

  4. Sort the result by adding some quantity and then divide the amount by adding the quantity.

Sentences of AVERAGE
  1. 2.4% average annual inflation

  2. Household prices are twice the national average

  3. Special average means partial loss or damage to a ship, cargo or goods.

  4. The average temperature in May is 64 ° F

Synonyms of AVERAGE

mean, midpoint, median, mode, middle, medial, centre


Meanings of RATE:
  1. Set a pattern or value for a particular scale (object).

  2. Think of it as a particular quality, standard or area.

  3. A measure, quantity or frequency that is usually measured in relation to another quantity or unit of measure.

  4. Paying a fixed price or charging something for something, especially good or service.

  5. Scolding (someone) in anger

Sentences of RATE
  1. They were asked to assess their abilities in various driving exercises.

  2. This event was considered a great success.

  3. Promotion price

Synonyms of RATE

compute, consider to be, assess, figure, charge, estimate, measure, value, judge, think to be, find to be, hold to be, adjudge, appraise, weigh up, evaluate, deem to be, reckon to be, calculate, amount, cost, hire, gauge


Meanings of OR:
  1. A Boolean operator that has at least one operand (or input) and otherwise zero.

  2. Used to add alternatives.

  3. Enter a synonym or explanation for the previous word or phrase.

  4. Other (used to describe inactive or inactive results)

  5. Reflect in the form of questions in general.

  6. it is.

  7. Gold or yellow, in heraldic colors.

  8. Operational research.

  9. Oregon (in postal use)

  10. Second tier (against official).

Sentences of OR
  1. A cup of tea or coffee

  2. Detective novels or, as experts say, crime thrillers

  3. Hurry up or you will lose everything

  4. John's indifference, right? - Makes you uncomfortable

  5. The only way to know God or man is through love

Synonyms of OR

if not, or else, or


Meanings of PREMIUM:
  1. Price added to price or general cost.

  2. Something is given as a gift, reward or incentive.

Sentences of PREMIUM
  1. Accurately, the earnings of a pensionable worker are made up of the premium paid in addition to his salary for the equivalent claim.

  2. Consumers are reluctant to pay more for organic fruits

  3. The Society des Arts gave him a bonus

Synonyms of PREMIUM

perk, insurance payment, remuneration, extra, insurance charge, instalment, prize, reward, bonus, extra charge, regular payment, recompense, surcharge, extra amount, additional fee, additional payment, percentage