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premium
[pree-mee-uhm]
a prize, bonus, or award given as an inducement, as to purchase products, enter competitions initiated by business interests, etc.
a bonus, gift, or sum additional to price, wages, interest, or the like.
Synonyms:Insurance.the amount paid or to be paid by the policyholder for coverage under the contract, usually in periodic installments.
Economics.the excess value of one form of money over another of the same nominal value.
a sum above the nominal or par value of a thing.
the amount paid to the lender of stock by the borrower, typically a short seller.
the amount the buyer of a call or put option pays to the seller, quoted in dollars per share of stock.
a fee paid for instruction in a trade or profession.
a sum additional to the interest paid for the loan of money.
of exceptional quality or greater value than others of its kind; superior.
a wine made of premium grapes.
of higher price or cost.
of or relating to premiums.
to work in premium sales.
premium
/ ˈːɪə /
an amount paid in addition to a standard rate, price, wage, etc; bonus
the amount paid or payable, usually in regular instalments, for an insurance policy
the amount above nominal or par value at which something sells
an offer of something free or at a specially reduced price as an inducement to buy a commodity or service
( as modifier )
a premium offer
a prize given to the winner of a competition; award
an amount sometimes charged for a loan of money in addition to the interest
great value or regard
to put a premium on someone's services
a fee, now rarely required, for instruction or apprenticeship in a profession or trade
in great demand or of high value, usually because of scarcity
above par
Other 51Թ Forms
- nonpremium noun
- superpremium adjective
51Թ History and Origins
Origin of premium1
51Թ History and Origins
Origin of premium1
Idioms and Phrases
at a premium,
at an unusually high price.
in short supply; in demand.
Housing in that area is at a premium.
Synonym Study
Example Sentences
Dear Liz: If someone inherits my retirement account, is there any way they can avoid having their Medicare premiums increased for 1 year?
“With climate change, cold water is at a premium for these rivers, and it’s critical,” Mathews said.
"In Spain it started as that premium elitist sport, but now it's far from it - it's second to football in terms of participation."
Bumble allows premium users to avoid matches with certain star signs, while paying Grindr users can filter by body type.
Maggie's cancer support charity said patients and those with a history of the disease were "frequently" being quoted premiums of thousands of pounds, while some were being refused cover altogether.
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Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
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