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.
Idioms about premium
at a premium,
at an unusually high price.
in short supply; in demand: Housing in that area is at a premium.
- non·pre·mi·um, noun
- su·per·pre·mi·um, adjective, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use premium in a sentence
While some publishers, such as Slate, charge a premium for the audience segments identified using their first party data, Forte does not cost extra, in part because Vox Media wants to encourage as many clients as possible to try it out.With Forte, Vox Media looks to drive a majority of display revenue with its first party data | Max Willens | February 11, 2021 | Digiday
The proposal would provide subsidies amounting to 85 percent of premiums through that program.Affordable Care Act subsidies likely to increase under congressional plan | Amy Goldstein | February 11, 2021 | Washington Post
Other companies — including anime specialist Crunchyroll, premium TV network Starz and production company World of Wonder — are also counting on their content to convince people to stay subscribed to their services.Future of TV Briefing: Streaming services count on content to keep subscribers acquired in 2020 | Tim Peterson | February 10, 2021 | Digiday
It’s worth the cost of the subscription on its own, but EC members also get access to our premium content, including market maps and investor surveys.Lightspeed’s Gaurav Gupta and Grafana Labs’ Raj Dutt will tell us why they financially tied the knot (twice!) | Jordan Crook | February 1, 2021 | TechCrunch
That’s meant contracting directly with wheat farmers and guaranteeing a premium price for growing their product.
Apple customers, on the other hand, are used to paying premium for perceived quality.Lost For Thousands of Strokes: 'Desert Golfing' Is 'Angry Birds' as Modern Art | Alec Kubas-Meyer | January 2, 2015 | THE DAILY BEAST
They then become members of the ultra elite Unit 121, granted premium housing and a well-stocked cupboard.Inside the ‘Surprisingly Great’ North Korean Hacker Hotel | Michael Daly | December 20, 2014 | THE DAILY BEAST
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 | Allison McNearney | November 29, 2014 | THE DAILY BEAST
That is, Republican state insurance commissioners can approve big premium hikes just to make the law look bad.
Christie, who places a premium on the fact that he was cool in high school, sounds conservative memes without invoking the Divine.
It is doubtful whether the huge commercial premium that greets success to-day does good or harm.The Unsolved Riddle of Social Justice | Stephen Leacock
The premium usually must be paid at the time of issuing the policy, unless a different agreement is made concerning it.
The payment of the premium by a third person without the knowledge of the insured does not have the same effect.
In mutual life insurance companies a portion of the premium is often paid in this manner.
A coolie would pay as much as 400 pesos premium to find himself where he could earn up to 100 pesos per month.The Philippine Islands | John Foreman
British Dictionary definitions for premium
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 regard: to 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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Other Idioms and Phrases with premium
see at a premium; put a premium on.
The American Heritage® Idioms Dictionary Copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.