Adjective: premium pree-mee-um- Having or reflecting superior quality or value; having a higher price or cost
"premium petrol at a premium price" Noun: premium pree-mee-um- Payment for insurance
- insurance premium - The amount that something in scarce supply is valued above its nominal value
"they paid a premium for access to water" - A fee charged for exchanging currencies
- agio, agiotage [UK], exchange premium - 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" - (government) payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
- bounty
Derived forms: premiums See also: superior Type of: award, bonus, charge, economic value, incentive, payment, prize, reward, value Encyclopedia: Premium, Kentucky |