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- Premium - meaning & definition
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/ˈpriːmiəm/
Meaning & Definition
noun
An amount to be paid for a loan or insurance, typically on a regular basis.
She pays a monthly premium for her health insurance coverage.
A sum added to an ordinary price; an extra charge.
He had to pay a premium price for the concert tickets due to high demand.
A reward or incentive, especially in a competitive or promotional context.
The company offered a premium for employees who exceeded their sales targets.
adjective
Of superior quality or value.
They stayed at a premium hotel known for its luxury accommodations.
Higher in price than what is normal or standard.
She opted for the premium version of the software for its added features.
Etymology
From Latin 'praemium', meaning 'reward, prize'.
Common Phrases and Expressions
premium brand
A brand known for its high quality and price.
premium membership
A type of subscription that offers additional benefits.
premium wine
Wine that is of noticeably higher quality.
premium service
Service that provides added value beyond the standard.
Related Words
surplus
An amount that is more than what is needed.
excess
More than the usual amount.
Slang Meanings
Top-notch quality or status.
That concert was premium; the band played all their best hits.
Something that is expensive but worth it.
These sneakers are premium, but they are super comfortable.