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The phrase "absence of premium" is correct and usable in written English.
It can be used in contexts discussing the lack of a premium feature, service, or product, often in business or marketing discussions.
Example: "The absence of premium options in this subscription plan may deter some users from signing up."
Alternatives: "lack of premium" or "non-existence of premium".
Exact(1)
Completed in 1923, the Coliseum was praised as both a stadium and an amphitheater, and for two Olympics and even the first Super Bowl, its design — and the absence of premium seating or VIP boxes — has allowed for what Linda Dishman, president and chief executive of the Los Angeles Conservancy, calls a "very democratic" experience.
Similar(59)
The West Virginia Supreme Court of Appeals identified delay and the absence of premiums to offset the risk of loss as the cause of the dearth of attorneys willing to represent claimants.
Norwich Union shares dropped as much as 9.8percentt and CGU lost up to 5.7percentt, reflecting the perception that the absence of a premium offered no cash reward to institutional investors.
But in the absence of a premium for GM foods, they are seen by the food industry as an onerous extra cost.What's in it for me?The essential problem for GM foods is that farmer-friendly crops do not, at present, translate into comparable benefits further down the food chain.
Simulations showed that carrying lambs to heavier LW increased gross margins in all districts at lower stocking rates, even in the absence of price premiums for heavy lambs.
Such transactions are notoriously difficult to arrange, given the challenges re cross-border structures, the allocation of senior positions in the combined entity, reconciling different cultures and the absence of control premiums.
The absence of a majority premium obviates the need for coalitions.
Interestingly, where Angry Boys and Ja'mie: Private School Girl were announced with fanfare to be co-productions with the BBC and HBO, the conspicuous absence of America's premium cable giant from the announcement of Jonah is a concerning one for Lilley.
Forward exchange rates have been widely used in the literature, not only to test for the covered interest rate parity, but also to test for the effectiveness of sterilized foreign exchange intervention or the existence (or absence) of a risk premium.
The plan would use refundable tax credits to help people better afford health insurance premiums in the absence of Obamacare's exchanges and premium subsidies.
But if they buy dollars on the black market (for a premium), the absence of forms makes it easier to elude customs.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com