What Are Boils? A boil is a skin infection that starts in a hair follicle or oil gland. At first, the skin turns red in the area of the infection, and a tender lump develops. After four to seven days, the lump starts turning white as pus collects under the skin.
Past research has suggested that getting married can help lift people out of poverty, which is also called or is known as a âmarriage premium.â However, this new research opposes the marriage premium idea citing that only wealthy menâs earnings benefit from getting married and that marriage would not be an effective poverty alleviation policy.
DEFINITION of 'Premium Bond'. 1) A bond that is trading above its par value. A bond will trade at a premium when it offers a coupon rate that is higher than prevailing interest rates. This is because investors want a higher yield, and will pay more for it.2) A specific type of bond issued in nations such as the United Kingdom and Canada. bond will trade at a premium when it offers a coupon rate that is higher than prevailing interest rates. This is because investors want a higher yield, and will pay more for it.