Premium Financing

Premium Financing,

Definition of Premium Financing:

  • Policyholders agree to pay insurance premiums to lenders on their behalf. The policyholder promises to pay the lender interest and fees in addition to the premium.

  • Premium Financing refers to When the policyholder hires a lender to pay the insurance premium on his behalf. The policyholder promises to pay the lender interest and fees in addition to the premium.

Literal Meanings of Premium Financing

Premium:

Sentences of Premium
  1. Consumers are reluctant to pay more for organic fruits

Synonyms of Premium

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

Financing:

Meanings of Financing:
  1. Finance (one person or company)

  2. Especially large sums of money managed by the government or large companies.

Sentences of Financing
  1. Healthcare is paid almost entirely by taxpayers.

  2. Company Financial Management

Synonyms of Financing

fund, money matters, investment, accounting, commerce, pecuniary matters, fiscal matters, economics, invest in, capitalize, pay for, provide security for, banking, business, money management, back, subsidize, provide capital for, endow, financial affairs