Meaning & Definition of Premium in English
English⟶
Premium
/primiəm/
noun
1. Payment for insurance
synonym:
- premium,
- insurance premium
2. The amount that something in scarce supply is valued above its nominal value
- "They paid a premium for access to water"
synonym:
- premium
3. A fee charged for exchanging currencies
synonym:
- agio,
- agiotage,
- premium,
- exchange premium
4. A prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
- "They encouraged customers with a premium for loyal patronage"
synonym:
- premium
5. Payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
synonym:
- bounty,
- premium
adjective
1. Having or reflecting superior quality or value
- "Premium gasoline at a premium price"
synonym:
- premium
Examples of using
Imogen of the Internet is fighting six bored housewives to win an eBay auction for a bag of premium chai tea.