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What (who) is return premium - definition

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

return

WIKIMEDIA DISAMBIGUATION PAGE

Return (programming); Returns; Returns (disambiguation); Return (album); Return (disambiguation); Return (film); Returning (disambiguation); RETURN; Return (song)

¦ verb

1. come or go back to a place.

(return to) go back to (a state or situation).

(especially of a feeling) come back after a period of absence.

Golf play the last nine holes in a round of eighteen holes.

2. give or send back or put back in place: return the lamb to the oven and add the olives.

feel, say, or do (the same feeling, action, etc.) in response.

(in tennis and other sports) hit or send (the ball) back to an opponent.

American Football intercept (a pass, kick, or fumble by the opposing team) and run upfield with the ball.

3. yield or make (a profit).

4. (of a judge or jury) state or present (a decision or verdict) in response to a formal request.

5. (of an electorate) elect (a person or party) to office.

6. Bridge lead (a card) after taking a trick.

7. Architecture continue (a wall) in a changed direction, especially at right angles.

¦ noun

1. an act or the action of returning.

(also return match or game) a second contest between the same opponents.

a thing which has been returned, especially an unwanted ticket for an event.

2. (also return ticket) Brit. a ticket allowing travel to a place and back again.

3. (also returns) a profit from an investment.

4. an official report or statement submitted in response to a formal demand: census returns.

Law an endorsement or report by a court officer or sheriff on a writ.

5. (also carriage return) a mechanism or key on a typewriter that returns the carriage to a fixed position at the start of a new line.

(also return key) a key pressed on a computer keyboard to simulate a carriage return.

6. an electrical conductor bringing a current back to its source.

7. Architecture a part receding from the line of the front, for example the side of a house or of a window opening.

Phrases

by return (of post) Brit. in the next available mail delivery to the sender.

many happy returns (of the day) a greeting to someone on their birthday.

Derivatives

returnable adjective

returner noun

Origin

ME: the verb from OFr. returner, from L. re- 'back' + tornare 'to turn'; the noun via Anglo-Norman Fr.

Return

WIKIMEDIA DISAMBIGUATION PAGE

Return (programming); Returns; Returns (disambiguation); Return (album); Return (disambiguation); Return (film); Returning (disambiguation); RETURN; Return (song)

·noun That which is returned.

return

WIKIMEDIA DISAMBIGUATION PAGE

Return (programming); Returns; Returns (disambiguation); Return (album); Return (disambiguation); Return (film); Returning (disambiguation); RETURN; Return (song)

I. v. n.

1.

Go or come back, get back, turn back.

2.

Recur, revert.

3.

Answer, reply, respond.

4.

Retort, recriminate.

5.

Revisit, come again.

II. v. a.

1.

Restore, give back, send back.

2.

Repay, refund.

3.

Requite, recompense, repay.

4.

Report, communicate, tell.

5.

Render, report, remit.

6.

Send, transmit, remit, convey.

III. n.

1.

Repayment, reimbursement, remittance, payment.

2.

Recompense, reward, requital, repayment, restitution.

3.

Advantage, benefit, profit, interest.

4.

Official account.

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.

https://en.wikipedia.org/wiki/Premium financing