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Premium

//ˈpɹiː.miː.əm// adj, noun

Definitions

Adjective
  1. 1
    Superior in quality; higher in price or value. not-comparable
  2. 2
    High-end; belonging to the market segment between mid-market and luxury. not-comparable
Adjective
  1. 1
    having or reflecting superior quality or value; having a higher price or cost wordnet
Noun
  1. 1
    A prize or award.
  2. 2
    payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military wordnet
  3. 3
    Something offered at a reduced price as an inducement to buy something else.
  4. 4
    a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc. wordnet
  5. 5
    A bonus paid in addition to normal payments.

    "At first I wrote it off to the simpler protocols of grandparenthood, with its premium on uncomplicated gestures of generosity and love."

Show 6 more definitions
  1. 6
    payment for insurance wordnet
  2. 7
    The amount to be paid for an insurance policy.

    "(Of course, if an insured dies during the grace period, the unpaid annual premium or instalment thereof is past due and therefore is deducted from the death benefit.)"

  3. 8
    a fee charged for exchanging currencies wordnet
  4. 9
    An unusually high value.
  5. 10
    the amount that something in scarce supply is valued above its nominal value wordnet
  6. 11
    The amount by which a security's value exceeds its face value.

Etymology

Etymology 1

From Latin praemium (“prize”).

Etymology 2

From Latin praemium (“prize”).

See also for "premium"

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