Difference between Bounty and Premium

What is the difference between Bounty and Premium?

Bounty as a noun is generosity while Premium as a noun is a prize or award.

Bounty

Part of speech: noun

Definition: generosity something given liberally A reward for some specific act, especially one given by a government or authority formerly, money paid to volunteers for serving in the British navy in time of war

Example sentence: Trade has helped the economy grow. Simultaneously, a sizable number of Americans haven't shared in that bounty, and if we don't pay attention to their concerns, all the political favor for open markets will dry up.

Premium

Part of speech: noun

Definition: A prize or award.Something offered at a reduced price as an inducement to buy something else.A bonus paid in addition to normal payments.The amount to be paid for an insurance policy.An unusually high value.The amount by which a security's value exceeds its face value.

Part of speech: adjective

Definition: Superior in quality; higher in price or value.

Example sentence: If things don't come easy, there is no premium on effort. There should be joy in the chase, zest in the pursuit.

We hope you now know whether to use Bounty or Premium in your sentence.

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