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Premium vs Agio - What's the difference?

premium | agio |

As nouns the difference between premium and agio

is that premium is a prize or award while agio is the premium or percentage on a better sort of money when it is given in exchange for an inferior sort. The premium or discount on foreign bills of exchange is sometimes called agio.

As an adjective premium

is superior in quality; higher in price or value.

premium

English

(wikipedia 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

    agio

    English

    Noun

    (en noun)
  • The premium or percentage on a better sort of money when it is given in exchange for an inferior sort. The premium or discount on foreign bills of exchange is sometimes called agio.
  • * 1989 , Isaac Levy, translator, The Pentateuch'' (translation of, Samson Raphael Hirsch, ''Der Pentateuch, ubersetzt und erlautert ), second edition, volume 2, Exodus, Judaica Press, ISBN 0910818126, page 582 (commentary to Exodus 30:16),
    • Owing to the enormous number of half-shekel coins required each year in Adar, these were greatly in demand, and the money-changers made a small fixed charge of an agio for changing whole into half shekels.
  • * 1776 , Adam Smith, An inquiry into the nature and causes of the wealth of nations , [http://oll.libertyfund.org/index.php?option=com_staticxt&staticfile=show.php%3Ftitle=220&Itemid=28].
    • The money of such banks being better than the common currency of the country, necessarily bore an agio , which was greater or smaller, according as the currency was supposed to be more or less degraded below the standard of the state.

    Anagrams

    * ----