Premium — in Spanish and Italian.

Definition

The amount paid for insurance coverage.

Spanish and Italian equivalents

In Spanish, Premium is rendered as Prima; in Italian, as Premio assicurativo. Spanish equivalents follow Argentine (Rioplatense) usage where it differs from European Spanish. In a certified translation the equivalent is chosen for the target jurisdiction; where the concept has no exact counterpart, the source term is kept alongside a functional explanation.

Translating Banking, Insurance & Finance terminology

Financial documents travel constantly between the three languages — bank statements for visa applications, insurance policies for claims, loan agreements for cross-border deals. The vocabulary is standardised by international practice more than most areas of law, but instruments such as the Spanish pagaré, the Italian cambiale or the Latin American fideicomiso still have no exact English form, and numbers, decimal separators and account identifiers (IBAN, CLABE, CBU) must be reproduced exactly. Certified translations in this area are judged on precision above all.

Related terms in Banking, Insurance & Finance

• Loan agreement — Contrato de préstamo / mutuo
• Interest rate — Tasa de interés
• Collateral — Garantía / Colateral
• Default (financial) — Incumplimiento / Default
• Foreclosure — Ejecución hipotecaria
• Overdraft — Descubierto / Sobregiro
• Guarantor — Garante / Fiador
• Insurance policy — Póliza de seguro
• Insured / Policyholder — Asegurado / Tomador
• Insurer — Asegurador / Aseguradora
• Claim (insurance) — Siniestro / Reclamo
• Deductible / Excess — Franquicia / Deducible
• Beneficiary (policy) — Beneficiario de la póliza
• Liability insurance — Seguro de responsabilidad civil
• Reinsurance — Reaseguro
• Securities — Valores / Títulos valores
• Dividend (finance) — Dividendo
• Escrow account — Cuenta de garantía / fideicomiso
• Wire transfer — Transferencia bancaria

Browse the full Banking, Insurance & Finance area, return to the dictionary index, or search all 712 terms in the interactive dictionary (also available as a PDF).

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This page is for general orientation only. It is not legal advice and does not substitute for advice from licensed counsel in the relevant jurisdiction. Terminology varies between countries and between civil-law and common-law systems; the equivalents shown here are the most common in cross-border practice.