What's the difference between
and
Enter two words to compare and contrast their definitions, origins, and synonyms to better understand how those words are related.

Deductible vs Premium - What's the difference?

deductible | premium |

As an adjective deductible

is deductible.

As a noun premium is

bonus (extra amount of money given as a premium).

deductible

English

Adjective

(wikipedia deductible) (en adjective)
  • That can be deducted
  • Derived terms

    * tax deductible

    Antonyms

    * nondeductible

    Noun

    (en noun) (wikipedia deductible)
  • (US, insurance) Amount of expenses that must be paid out of pocket before an insurer will pay any expenses.
  • Synonyms

    * (British)

    See also

    * deduct * deductable

    premium

    Alternative forms

    * (archaic)

    Adjective

    (-)
  • Superior in quality; higher in price or value.
  • Noun

    (en-noun)
  • A prize or award.
  • Something offered at a reduced price as an inducement to buy something else.
  • A bonus paid in addition to normal payments.
  • The amount to be paid for an insurance policy.
  • An unusually high value.
  • (finance) The amount by which a security's value exceeds its face value.
  • Usage notes

    * (term) is much less common than (premiums), accounting for less than 1% of total usage in US (COCA) and 4% in UK (BNC).

    Antonyms

    * (finance) discount

    Derived terms

    (Terms derived from the adjective or noun "premium") * at a premium * buyer's premium * premium bond * premium outlet