Difference between Premium and Bounty

What is the difference between Premium and Bounty?

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

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: I place an enormous premium on loyalty. If someone betrays me, I can forgive them rationally, but emotionally I have found it impossible to do so.

Bounty

Part of speech: noun

Definition: generositysomething given liberallyA reward for some specific act, especially one given by a government or authorityformerly, money paid to volunteers for serving in the British navy in time of war

Example sentence: Every story was being made up. My true friends weren't the ones speaking. It was people who never knew me, making up stories. Even my local paper put a $1,000 bounty out for information about my whereabouts.

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

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