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Term: premium-based


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:

  1. Insurance companies offer various coverage options with premium-based policies.
  2. Investment advisors often recommend premium-based financial products for long-term stability.
  3. The streaming service offers a premium-based subscription plan with added features for an extra monthly fee.

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