- 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.
- 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.
- at a premium,
- at an unusually high price.
- in short supply; in demand: Housing in that area is at a premium.
Origin of premium
SynonymsSee more synonyms on Thesaurus.com
Examples from the Web for premium
The lucky recipient gets to choose from a selection of gifts ranging from cocktail kits to packages of wine and premium spirits.The Daily Beast’s 2014 Holiday Gift Guide: For the Don Draper in Your Life
November 29, 2014
Christie, who places a premium on the fact that he was cool in high school, sounds conservative memes without invoking the Divine.2016 Just May Be the GOP Base’s Year
August 4, 2014
Some services charge a fee for premium functionality, and sometimes, this functionality includes exporting the data.Self-Tracking for N00bz
Jamie Todd Rubin
July 24, 2014
The patrons repaid the mob by buying cheap liquor at premium prices, along with bootleg cigarettes and sometimes drugs.A True Tough Guy: The Mafia, Gays, and Michael Sam’s Boyfriend
May 15, 2014
“No one turned up until about five days later,” an anonymous resident told the Premium Times.How Nigeria’s Stupidly Brutal Cops Botch the Hunt for Boko Haram
May 14, 2014
If she gits a premium for puttin' up gardin-sass, I'll warrant there'll be a to-do.Meadow Grass
Also, a premium can be contracted for, in the way of free association, for skilled labour.Freeland
Although why should there be such a premium placed on intelligence, he wondered.The Most Sentimental Man
Evelyn E. Smith
Now, good food is cheap while skilled labor is at a premium.
My dear father bought them—I should not be surprised to learn that he bought them at a premium.The Market-Place
- 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
- US an amount sometimes charged for a loan of money in addition to the interest
- great value or regardto put a premium on someone's services
- a fee, now rarely required, for instruction or apprenticeship in a profession or trade
- at a premium
- in great demand or of high value, usually because of scarcity
- above par
Word Origin and History for premium
c.1600, "reward given for a specific act," from Latin praemium "reward, profit derived from booty," from prae- "before" (see pre-) + emere "to buy," originally "to take" (see exempt (adj.)). Insurance sense is 1660s, from Italian premio. Adjectival sense of "superior in quality" is first attested 1925, originally in reference to butter.