- at an unusually high price.
- in short supply; in demand: Housing in that area is at a premium.
Origin of premium
British Dictionary definitions for at a premium
- 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
- in great demand or of high value, usually because of scarcity
- above par
Word Origin for premium
Word Origin and History for at a 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.
Idioms and Phrases with at a premium (1 of 2)
at a premium
At a higher price than usual owing to scarcity; also, considered more valuable, held in high esteem. For example, Since that article came out, the firm's stock has been selling at a premium and Space is at a premium in most stores. This idiom uses premium in the sense of “bounty” or “bonus.” [Mid-1800s] Also see put a premium on.
Idioms and Phrases with at a premium (2 of 2)
see at a premium; put a premium on.