premia
SayPREE-mee-uh/ˈpɹiː.mi.ə/
- 1Plural of premium.
Annual premia on the policy climbed steadily over the decade.
Investors demanded steeper premia to hold the riskier bonds.
Note
A Latin-style plural that keeps the -um to -a pattern of datum and data. The everyday plural is premiums, and it is far more common. Premia turns up mainly in insurance and finance, for the amounts paid on policies or the margin by which a security trades above its face value. Outside that technical writing, premiums is the safer choice.
premia is a form of premium
premium, noun: The sum paid, usually at regular intervals, to keep an insurance policy in force. Full entry
- Spelling
- premium → premia: irregular plural (no -s)
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