initial premium - meaning and definition. What is initial premium
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What (who) is initial premium - definition

Premium Finance; Premium funding; Premium finance; Premium Financing Company; Premium Financing

drop capital         
  • alt=Ornamental lettering samples. The order of V and U letter places are swapped and the letters J, O, W, and Z.l are missing
LETTER AT THE BEGINNING OF A CHAPTER/PARAGRAPH THAT IS LARGER THAN THE REST OF THE TEXT
Initials; Drop cap; Drop capital; Dropcap; First-letter; Ornamental initial; Dropped capital; Drop initial; Illuminated capital; Flourished capital; Flourished initial; Dropcaps; Illuminated initial; Drop caps; Decorated initial; Draft:Initial; Initial letter
¦ noun a large opening capital letter occupying more than the depth of one line.
initial         
  • alt=Ornamental lettering samples. The order of V and U letter places are swapped and the letters J, O, W, and Z.l are missing
LETTER AT THE BEGINNING OF A CHAPTER/PARAGRAPH THAT IS LARGER THAN THE REST OF THE TEXT
Initials; Drop cap; Drop capital; Dropcap; First-letter; Ornamental initial; Dropped capital; Drop initial; Illuminated capital; Flourished capital; Flourished initial; Dropcaps; Illuminated initial; Drop caps; Decorated initial; Draft:Initial; Initial letter
¦ adjective existing or occurring at the beginning.
¦ noun the first letter of a name or word.
¦ verb (initials, initialling, initialled; US initials, initialing, initialed) mark or sign with one's initials as a sign of approval or endorsement.
Derivatives
initially adverb
Origin
C16: from L. initialis, from initium 'beginning'.
Initial         
  • alt=Ornamental lettering samples. The order of V and U letter places are swapped and the letters J, O, W, and Z.l are missing
LETTER AT THE BEGINNING OF A CHAPTER/PARAGRAPH THAT IS LARGER THAN THE REST OF THE TEXT
Initials; Drop cap; Drop capital; Dropcap; First-letter; Ornamental initial; Dropped capital; Drop initial; Illuminated capital; Flourished capital; Flourished initial; Dropcaps; Illuminated initial; Drop caps; Decorated initial; Draft:Initial; Initial letter
In a written or published work, an initial capital, also referred to as a drop capital or simply an initial cap, initial, initcapital, initcap or init or a drop cap or drop, is a letter at the beginning of a word, a chapter, or a paragraph that is larger than the rest of the text. The word is derived from the Latin initialis, which means standing at the beginning.

Wikipedia

Premium financing

Premium financing is the lending of funds to a person or company to cover the cost of an insurance premium. Premium finance loans are often provided by a third party finance entity known as a premium financing company; however insurance companies and insurance brokerages occasionally provide premium financing services through premium finance platforms. Premium financing is mainly devoted to financing life insurance which differs from property and casualty insurance.

To finance a premium, the individual or company requesting insurance must sign a premium finance agreement with the premium finance company. The loan arrangement may last from one year to the life of the policy. The premium finance company then pays the insurance premium and bills the individual or company, usually in monthly installments, for the cost of the loan.

Typically, clients that engage in this transaction are age 29 to 75; with net worth of $5MM or greater. Premium financing is popular when interest rates are low.