Fixed premium


 

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Fixed premium

Payments of a fixed, equal amounts paid to an insurance company for insurance or an annuity.



Fixed premium

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Waiver of premium

Waiver of premium

A provision in an insurance policy that allows payment of insurance premiums to be permanently or temporarily stopped in the event the policyholder becomes incapacitated.


Indemnity Guarantee Premium

Indemnity Guarantee Premium

Additional one-off fee paid to the lender to protect them against the borrower defaulting. Independent Financial Advisor In theory, these intermediaries should look at the entire financial market before making a selection and offer unbiased advice and access to all suitable financial products. they sometimes still have access to special deals not on offer elsewhere because they may subscribe to a mortgage panel along with other advisers and brokers. Together they convince lenders to provide special packages in return for their continued custom. The only trouble is that they have to deliver a certain level of business over a year to remain on the panel, so they may favour some products over others.


Forward premium

Forward premium

A currency trades at a forward premium when its forward price is higher than its spot price.


Premium bond

Premium bond

A bond that is selling for more than its par value.


Unamortized premiums on investments

Unamortized premiums on investments

The unexpensed portion of the difference between the price paid for a security and its par value.


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