premium
Americannoun
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a prize, bonus, or award given as an inducement, as to purchase products, enter competitions initiated by business interests, etc.
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a bonus, gift, or sum additional to price, wages, interest, or the like.
- Synonyms:
- reward
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Insurance. the amount paid or to be paid by the policyholder for coverage under the contract, usually in periodic installments.
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Economics. the excess value of one form of money over another of the same nominal value.
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a sum above the nominal or par value of a thing.
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the amount paid to the lender of stock by the borrower, typically a short seller.
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the amount the buyer of a call or put option pays to the seller, quoted in dollars per share of stock.
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a fee paid for instruction in a trade or profession.
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a sum additional to the interest paid for the loan of money.
adjective
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of exceptional quality or greater value than others of its kind; superior.
a wine made of premium grapes.
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of higher price or cost.
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of or relating to premiums.
to work in premium sales.
idioms
noun
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an amount paid in addition to a standard rate, price, wage, etc; bonus
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the amount paid or payable, usually in regular instalments, for an insurance policy
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the amount above nominal or par value at which something sells
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an offer of something free or at a specially reduced price as an inducement to buy a commodity or service
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( as modifier )
a premium offer
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a prize given to the winner of a competition; award
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an amount sometimes charged for a loan of money in addition to the interest
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great value or regard
to put a premium on someone's services
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a fee, now rarely required, for instruction or apprenticeship in a profession or trade
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in great demand or of high value, usually because of scarcity
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above par
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Related Words
See bonus.
Other Word Forms
- nonpremium noun
- superpremium adjective
Etymology
Origin of premium
First recorded in 1595–1605, premium is from the Latin word praemium profit, reward
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
What remains is sold at premium rates, aimed largely at wealthy visitors.
From Salon
Even with beer sales under pressure, Anheuser-Busch stock has jumped 52% over the past year—driven by strong performance from its premium brands and a bigger push into nonalcoholic drinks.
From Barron's
The winning bid came from a family business that specializes in premium cashmere knitwear.
On top of the loss of the extra federal benefits, the average Covered California premium this year rose by 10.3% because of fast-rising medical costs.
From Los Angeles Times
Device manufacturers should change their procurement patterns or focus on premium models to justify the higher prices, he notes.
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.
