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premium
[ pree-mee-uhm ]
- 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.
Synonyms:
- 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.
premium
/ ˈːɪə /
- 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
- an amount sometimes charged for a loan of money in addition to the interest
- great value or regard
to 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
Other Word Forms
- ԴDz·m·ܳ noun
- p·m·ܳ adjective noun
Word History and Origins
Origin of premium1
Word History and Origins
Origin of premium1
Idioms and Phrases
- at a premium,
- at an unusually high price.
- in short supply; in demand:
Housing in that area is at a premium.
More idioms and phrases containing premium
see at a premium ; put a premium on .Synonym Study
Example Sentences
California’s Affordable Care Act health insurance exchange covers nearly 2 million residents and 89% of them receive federal subsidies that reduce their premiums.
Starting in 2016, YouTube announced a slate of premium scripted shows to its subscription service to compete with Hulu, but most of the shows didn’t gain enough traction on the platform.
“This was clearly a concerted attempt by the entire industry to push people in high risk areas to lower benefit policies, and at the same time keep collecting higher premiums from everyone else.”
If not, they can be classed as second homes and liable for council tax - which in some areas means paying an additional premium.
That is, however, balanced against his age and a "Premier League premium for English forwards".
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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.
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