|
|
 |
|
|
|
|
| un·earned pre·mi·um (plural un·earned pre·mi·ums) |
noun |
|
| Definition: |
| |
insurance money paid in advance: the portion of an insurance premium that applies to the unused part of the period for which the premium has been charged. For example, in the case of an annual premium, eleven-twelfths of the premium is unearned at the end of the first month.
|
|
|
|
