gross premium

/grəυs 'pri:miəm/ noun
the total premium paid by a policyholder before any tax relief or discount is taken into account

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • gross premium — Net (insurance) premium plus loading for expenses and contingencies; i.e., the net premium represents the cost of insurance. Fox v. Mutual Ben. Life Ins. Co., C.C.A.Mo., 107 F.2d 715, 719 …   Black's law dictionary

  • gross premium — The net premium, which is the cost of the insurance, that is, the amount required on an actuarial basis to carry the risk, plus loading for expenses and contingencies. Fox v Mutual Ben. Life Ins. Co. (CA8 Mo) 107 F2d 715 …   Ballentine's law dictionary

  • gross premium — noun : the sum of the net premium in insurance and the load …   Useful english dictionary

  • premium — pre·mi·um / prē mē əm/ n 1: the difference between the face value or par value of a security and its market price when the latter is greater compare discount 2: the price paid for an insurance contract equal to the cost per unit times the number… …   Law dictionary

  • premium — consideration paid for an insurance policy. Glossary of Business Terms (1) The additional payment allowed by exchange regulation for delivery of higher than required standards or grades of a commodity against a futures contract. (2) In speaking… …   Financial and business terms

  • premium — A reward for an act done. Brown v. Board of Police Com rs of City of Los Angeles, 58 Cal.App.2d 473, 136 P.2d 617, 619. See also bonus A bounty or bonus; a consideration given to invite a loan or a bargain, as the consideration paid to the… …   Black's law dictionary

  • Gross premiums written — When a non life insurance company closes a contract to provide insurance against loss, the revenues (premiums) expected to be received over the life of the contract are called gross premiums written. Insurance companies often purchase reinsurance …   Wikipedia

  • premium — Synonyms and related words: Trinkgeld, abatement, agio, allowance, appreciation, at a premium, award, bait, bank discount, bank rate, bonus, bonus system, bounty, breakage, bribe, carrot, cash discount, chain discount, charge off, come on,… …   Moby Thesaurus

  • Net premium valuation — A Net Premium Valuation is an actuarial calculation, used to place a value on the liabilities of a life insurer. Background It involves calculating a present value for the contractual liabilities of a contract, and deducting the value of future… …   Wikipedia

  • office premium — noun : gross premium …   Useful english dictionary

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