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Premium vs Token - What's the difference?

premium | token |

As nouns the difference between premium and token

is that premium is bonus (extra amount of money given as a premium) while token is something serving as an expression of something else; sign, symbol.

As an adjective token is

done as an indication or a pledge; perfunctory, minimal or merely symbolic.

As a verb token is

to betoken, indicate, portend, designate, denote.

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

    token

    English

    (wikipedia token)

    Noun

    (en noun)
  • Something serving as an expression of something else; sign, symbol
  • According to the Bible, the rainbow is a token of God's covenant with Noah.
  • A keepsake, momento, souvenir
  • Please accept this bustier as a token of our time together.
  • A piece of stamped metal used as a substitute for money; a voucher that can be exchanged for goods or services
  • Subway tokens are being replaced by magnetic cards.
    A book token is the easiest option for a Christmas gift.
  • (obsolete, sometimes, figurative) Evidence, proof; a confirming detail; physical trace, mark, footprint.
  • * Shakespeare
  • Say, by this token , I desire his company.
  • Support for a belief; grounds for an opinion; reason, reasoning, witcraft (see usage)
  • An extraordinary event serving as evidence of supernatural power, a miracle
  • An object or disclosure to attest or authenticate the bearer or an instruction; a password
  • A seal guaranteeing the quality of an item.
  • Something given or shown as a symbol or guarantee of authority or right; a sign of authenticity, of power, good faith.
  • * (rfdate) (Shakespeare)
  • Say, by this token , I desire his company.
  • A tally
  • (philosophy) A particular thing to which a concept applies.
  • (computing) An atomic piece of data, such as a word, for which a meaning may be inferred during parsing. Also called a symbol.
  • * 2004 , Randall Hyde, Write Great Code: Understanding the Machine , page 68
  • For each lexeme, the scanner creates a small data package known as a token and passes this data package on to the parser.
  • (computing) A conceptual object that can be possessed by a computer, process, etc. in order to regulate a turn-taking system such as a token ring network.
  • (grammar) A lexeme; a basic, grammatically indivisible unit of a language such as a keyword, operator or identifier.
  • (medical) A characteristic sign of a disease or of a bodily disorder, a symptom; a sign of a bodily condition, recovery, or health.
  • (medical, obsolete) A livid spot upon the body, indicating, or supposed to indicate, the approach of death.
  • * (rfdate)'' (Beaumont and Fletcher)
  • Like the fearful tokens of the plague, Are mere forerunners of their ends.
  • (printing) Ten and a half quires, or, commonly, 250 sheets, of paper printed on both sides; also, in some cases, the same number of sheets printed on one side, or half the number printed on both sides.
  • (mining) A bit of leather having a peculiar mark designating a particular miner. Each hewer sends one of these with each corf or tub he has hewn.
  • (mining) A thin bed of coal indicating the existence of a thicker seam at no great distance.
  • (rail transport) A physical object used for exchange between drivers and signalmen on single track lines.
  • (weaving) In a loom, a colored signal to show the weaver which shuttle to use.
  • (Church of Scotland) A piece of metal given beforehand to each person in the congregation who is permitted to partake of the Lord's Supper.
  • Synonyms

    * (something serving as an expression of something else) sign, symbol * (atomic piece of data) symbol

    Derived terms

    * by the same token * by that token — by that reason * in token of — on account of; because of, as an indication of * tokenism * tokenization * token ring

    See also

    * (philosophy) particular, universal, type

    Adjective

    (en adjective)
  • Done as an indication or a pledge; perfunctory, minimal or merely symbolic.
  • He made a token tap on the brake pedal at the stop sign.
  • * 1927 , , Money and Monetary Policy in Early Times , page 393
  • If the as had been reduced to a token in 240 BC, it was now a little more token than before.
  • * 2000 , Cheris Kramarae, Dale Spender, Routledge International Encyclopedia of Women , Page 176
  • There are still many churches where the participation of women is token .
  • * 2008 , Adrian Blomfield, , Has Russia got a new Stalin? , March 31, 2008
  • Just to be on the safe side, the The Kremlin has also banned any of Putin’s serious critics from standing. Three unelectable misfits have been allowed to mount token challenges.
  • a minor attempt for appearance sake, or to minimally comply with a requirement
  • * he was hired as the company's token black
  • * ''the television show was primarily directed toward a negro audience, but it did have a few token whites as performers
  • Derived terms

    * tokenish * tokenistic * tokenless * tokenlike

    Verb

    (en verb)
  • To betoken, indicate, portend, designate, denote
  • * 1962' (quoting '''c. 1398 text), (Hans Kurath) & Sherman M. Kuhn, eds., ''(Middle English Dictionary) , Ann Arbor, Mich.: (University of Michigan Press), , page 1242:
  • dorr?&
  • 773;', '''d?r?''' adj. & n.
  • To betroth
  • (philosophy) To symbolize, instantiate
  • * {{quote-journal, 2008, date=August 27, Mikkel Gerken, Is There a Simple Argument for Higher-Order Representation Theories of Awareness Consciousness?, Erkenntnis, url=, doi=10.1007/s10670-008-9116-z, volume=69, issue=2, pages=
  • , passage=In which sense does ‘?p ~(p & ~p)’ cause the tokening of the belief in the subject? }}

    Derived terms

    * To betoken * To foretoken * To toke

    References

    (Webster 1913) * Century Dictionary and Cyclopedia ----