Applicable Premium definition: Copy, customize, and use instantly
Introduction
The term "Applicable Premium" refers to the additional cost or charge applied to a base price due to specific circumstances or conditions. It is important in various contexts like insurance, financial transactions, shipping, and even in real estate, as it directly impacts the overall cost or valuation in contracts.
Below are various examples of how "Applicable Premium" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Applicable Premium" for commercial insurance policies
This definition ties "Applicable Premium" to commercial insurance contracts, specifying how premiums are calculated based on the business type and coverage needs.
"Applicable Premium" refers to the amount payable for commercial insurance coverage, determined by the level of coverage required and the risks associated with the business.
Definition of "Applicable Premium" for financial transactions
This definition connects "Applicable Premium" to financial transactions, outlining how premiums are added to transactions based on risk or timeframes.
"Applicable Premium" means the extra cost added to a financial transaction due to specific conditions such as currency fluctuations, transaction size, or time sensitivity.
Definition of "Applicable Premium" for health care premiums
This definition links "Applicable Premium" to health insurance plans, clarifying the premium amount related to the coverage provided.
"Applicable Premium" refers to the cost of a health insurance policy, influenced by factors like the individual’s age, health history, and coverage options.
Definition of "Applicable Premium" for shipping services
This definition ties "Applicable Premium" to shipping and delivery services, describing the premium added for expedited delivery or additional services.
"Applicable Premium" means the extra charge imposed for faster shipping, special handling, or additional services like insurance or tracking.
Definition of "Applicable Premium" for executive compensation
This definition connects "Applicable Premium" to executive compensation, explaining how it pertains to bonuses or premiums tied to performance.
"Applicable Premium" refers to the bonus or additional compensation paid to executives based on performance metrics, company profitability, or long-term goals.
Definition of "Applicable Premium" for real estate investment trusts (REITs)
This definition links "Applicable Premium" to REITs, specifying the premium added to the value of real estate investments.
"Applicable Premium" means the added value over market price for real estate assets within a REIT, influenced by factors like location, market conditions, and future growth potential.
Definition of "Applicable Premium" for commodity trading
This definition ties "Applicable Premium" to commodity markets, describing how premiums are assessed based on commodity scarcity or demand.
"Applicable Premium" refers to the additional amount paid for a commodity, determined by supply and demand factors, and the perceived scarcity or market volatility.
Definition of "Applicable Premium" for commercial lease agreements
This definition connects "Applicable Premium" to commercial leases, specifying the additional costs or premiums added based on the terms of the lease.
"Applicable Premium" means the extra amount charged in a commercial lease agreement, often due to the location, property features, or lease duration.
Definition of "Applicable Premium" for performance-based contracts
This definition links "Applicable Premium" to performance-based agreements, clarifying how premiums are applied based on achieving certain milestones or objectives.
"Applicable Premium" refers to the premium payment made for achieving performance targets or contract milestones, rewarding successful outcomes or exceptional results.
Definition of "Applicable Premium" for vehicle sales
This definition ties "Applicable Premium" to vehicle transactions, specifying the additional charges added to the price of a vehicle due to its features, brand, or condition.
"Applicable Premium" means the added cost for a vehicle, based on factors such as make, model, condition, or additional features that increase its value.
Definition of "Applicable Premium" for insurance policies
This definition ties "Applicable Premium" to insurance policies, outlining how premiums are determined based on the policyholder's risk level.
"Applicable Premium" refers to the premium amount payable for an insurance policy, which is adjusted based on the coverage options, risk factors, and policyholder profile.
Definition of "Applicable Premium" for loan agreements
This definition connects "Applicable Premium" to loan agreements, specifying how premiums may be applied depending on loan terms.
"Applicable Premium" means the additional charge on a loan, determined by factors such as interest rate adjustments, loan duration, and the borrower’s creditworthiness.
Definition of "Applicable Premium" for construction projects
This definition links "Applicable Premium" to construction projects, explaining how premiums may apply for expedited timelines or specific materials.
"Applicable Premium" refers to the premium charged for accelerated construction schedules, specialized materials, or construction processes that require higher costs.
Definition of "Applicable Premium" for automobile insurance
This definition ties "Applicable Premium" to automobile insurance, clarifying the premium determined by vehicle type, driving history, and coverage choices.
"Applicable Premium" means the amount charged for automobile insurance coverage, influenced by factors such as the vehicle’s make, model, the driver’s history, and the chosen coverage level.
Definition of "Applicable Premium" for pension plans
This definition connects "Applicable Premium" to pension plans, explaining how premiums are determined based on plan performance or duration.
"Applicable Premium" refers to the extra payment made to a pension plan to cover shortfalls or to adjust for the plan’s performance over time.
Definition of "Applicable Premium" for real estate transactions
This definition links "Applicable Premium" to real estate transactions, describing how it is added based on the property's location, condition, or market conditions.
"Applicable Premium" means the additional cost added to a real estate transaction, based on the location, size, condition, or market trends influencing the property’s value.
Definition of "Applicable Premium" for healthcare premiums
This definition ties "Applicable Premium" to healthcare, clarifying how premiums are determined by healthcare provider choice and coverage level.
"Applicable Premium" refers to the premium charged for healthcare services, determined by the level of coverage chosen, the provider network, and health risks.
Definition of "Applicable Premium" for securities
This definition connects "Applicable Premium" to the securities market, specifying how premiums apply to the pricing of securities based on market conditions or the issuer's profile.
"Applicable Premium" refers to the premium added to the price of a security, reflecting factors such as market trends, demand, and the issuing entity’s financial stability.
Definition of "Applicable Premium" for business acquisitions
This definition links "Applicable Premium" to mergers and acquisitions, explaining how premiums are factored into the purchase price of a company.
"Applicable Premium" means the additional amount paid in a business acquisition, typically due to factors like strategic value, market position, or potential synergies with the acquiring company.
Definition of "Applicable Premium" for credit card transactions
This definition ties "Applicable Premium" to credit card transactions, specifying how a premium is charged for specific payment options or features.
"Applicable Premium" refers to the extra charge applied to certain credit card transactions, based on the features like rewards programs, foreign exchange rates, or deferred payments.
Definition of "Applicable Premium" for asset management
This definition connects "Applicable Premium" to asset management services, explaining how premiums are added based on investment opportunities or portfolio management.
"Applicable Premium" means the additional fee charged by asset managers for handling high-value portfolios, managing risk, or providing specialized investment services.
Definition of "Applicable Premium" for environmental regulations
This definition links "Applicable Premium" to environmental compliance, specifying how premiums are applied to meet regulations for sustainability and emissions.
"Applicable Premium" refers to the cost incurred to comply with environmental regulations, such as premium payments for adopting sustainable practices or emission-reducing technologies.
Definition of "Applicable Premium" for shipping and freight services
This definition ties "Applicable Premium" to shipping and freight services, explaining how premiums are added based on delivery urgency, distance, or item value.
"Applicable Premium" refers to the extra charge added to a shipping or freight service, determined by the shipping speed, delivery distance, or the value of the goods being transported.
Definition of "Applicable Premium" for agricultural products
This definition connects "Applicable Premium" to agricultural markets, specifying how premiums are applied to products like organic produce or rare crops.
"Applicable Premium" means the premium added to agricultural products, especially those that are organic, rare, or meet high-quality standards for market differentiation.
Definition of "Applicable Premium" for intellectual property
This definition links "Applicable Premium" to intellectual property, describing how premiums are paid for high-value patents, trademarks, or licenses.
"Applicable Premium" refers to the additional payment for securing high-value intellectual property assets, such as patents, trademarks, or exclusive licensing agreements.
Definition of "Applicable Premium" for performance-based rewards
This definition ties "Applicable Premium" to employee or contractor compensation, specifying how premiums are added based on performance metrics or targets achieved.
"Applicable Premium" means the additional compensation awarded to employees or contractors based on achieving specific performance goals, project milestones, or exceptional results.
Definition of "Applicable Premium" for property taxes
This definition connects "Applicable Premium" to property taxation, explaining how premiums may apply to properties located in high-demand areas or subject to special assessments.
"Applicable Premium" refers to the additional amount charged for property taxes, especially for properties located in premium areas, or subject to special tax assessments for improvements or local developments.
Definition of "Applicable Premium" for corporate bonds
This definition links "Applicable Premium" to corporate bond markets, specifying how premiums are applied to bonds based on issuer reputation, credit rating, or market conditions.
"Applicable Premium" means the additional charge on a corporate bond, reflecting the issuer’s creditworthiness, market conditions, and bond maturity terms.
Definition of "Applicable Premium" for marketing campaigns
This definition ties "Applicable Premium" to marketing and advertising, explaining how premiums are added to campaigns that require more extensive reach or advanced technology.
"Applicable Premium" refers to the extra cost added to a marketing campaign, determined by the campaign's scope, targeted reach, or use of advanced tools like digital media and influencer partnerships.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.