[ pree-mee-uhm ]
/ ˈpri mi əm /
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.
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Idioms for premium
- at an unusually high price.
- in short supply; in demand: Housing in that area is at a premium.
at a premium,
Origin of premium
First recorded in 1595–1605, premium is from the Latin word praemium profit, reward
OTHER WORDS FROM premiumnon·pre·mi·um, nounsu·per·pre·mi·um, adjective, noun
Words nearby premium
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for superpremium
/ (ˈpriːmɪəm) /
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 for premium
C17: from Latin praemium prize, booty, reward
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
Idioms and Phrases with superpremium
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.