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.
“If tech cannot get an AI-driven valuation premium, one must wonder if any sector can earn its way into a better multiple in the next few years,” Colas writes.
From Barron's
“If tech cannot get an AI-driven valuation premium, one must wonder if any sector can earn its way into a better multiple in the next few years,” Colas writes.
From Barron's
“If tech cannot get an AI-driven valuation premium, one must wonder if any sector can earn its way into a better multiple in the next few years,” Colas writes.
From Barron's
It competes with Tesla and other automakers selling all-electric vehicles for a premium price.
From Los Angeles Times
If knowledge suddenly isn’t worth paying for, then it’s hard to justify paying a premium for U.S. stocks.
From Barron's
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.
