Definition, Meaning & Synonyms
prem
noun (slang/abbreviation)
/prɛm/
Definition
A term used in several contexts, often as shorthand for various words or concepts.
Examples
- The insurance policy had a high prem due to the risk involved.
- She received a prem score in her preliminary exams, qualifying her for the next level.
Meaning
In the context of finance, it commonly refers to ‘premium’, indicating an extra cost or value. In relation to education, ‘prem’ can refer to ‘preliminary’, suggesting initial or preparatory stages.
Synonyms
- premium
- preparation
- preceding
