Definitions from the Web
Term: premium-based
Description:
The term "premium-based" refers to something that is determined or calculated based on the amount of money paid for a premium, which is an additional fee above a standard price. This term is commonly used in the context of insurance, finance, and subscription-based services.
Sample Sentences:
- Insurance companies offer various coverage options with premium-based policies.
- Investment advisors often recommend premium-based financial products for long-term stability.
- The streaming service offers a premium-based subscription plan with added features for an extra monthly fee.
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