NET PREMIUM
\nˈɛt pɹˈiːmi͡əm], \nˈɛt pɹˈiːmiəm], \n_ˈɛ_t p_ɹ_ˈiː_m_iə_m]\
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In general, any premium with a commission, or expenses, or dividends, or loss coverage subtracted. It is a general term that can have many different meanings. In particular, it is the premium minus agent's commission, or the premium portion required to pay expected future losses, or the premium amount minus appointed dividends.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.