premium
pre·mium (prē′mē əm)
noun pl. premiums -·ums
- a reward or prize, esp. one offered free or at a special low price as an added inducement to buy or do something; bonus
- an additional amount paid or charged; specif.,
- an amount paid for a loan in addition to interest
- an amount paid, as for stock, above the nominal or par value
- additional wages paid as for overtime or dangerous work
- a payment; specif.,
- the amount payable or paid, in one sum or periodically, for an insurance policy
- Now Rare a fee paid for instruction in a trade, etc.
- a fee paid by a borrower of stock to the lender, as in short selling
- very high value to put a premium on punctuality
- Econ. the amount by which one form of money exceeds another (of the same nominal value) in exchange value, or buying power
Etymology: L praemium, reward, recompense < prae-, before + emere, to take: see pre- & redeem
adjective
at a premium
- at a value or price higher than normal
- very valuable, usually because of scarcity
premium
n.
premium, as compared here, implies a reward or prize offered as an inducement to buy, sell, or compete a toy given as a premium with each package; bonus refers to anything given over and above the regular wages, salary, or other remuneration. a Christmas bonus, a soldier's bonus; a bounty is a reward given by a government for a specific undertaking considered in the public interest, as the production of certain crops or the destruction of certain harmful animals; dividend refers to a prorated share in an amount distributed among stockholders or policyholders from profits or surplus See also syn. study at prize.
at a premium
- A price that is above market prices.
- The amount that a policy holder pays an insurance company for coverage.
- In the options market, the cost of the option.
- In the futures market, an upward adjustment in price that is allowed for delivery of a commodity of a higher grade against a futures contract.
n
- Money paid to an insurer in exchange for coverage.
- Money paid by a buyer for an option to buy stock or property.
- A reward for a job after it has been done.
Converse of object
- pay: However, you must continue to pay the premium each month for cover to remain valid.
Adjective modifier
- monthly: House only to responsible for the your monthly premium.
- adjusted: Adjusted premium from of statistically greater send the premiums.
- carer: The Carer Premium The carer premium is not a benefit in itself.
Modifies a noun
- lager: The Olympics has the highest level of interest of all sports among premium lagers, on a par with the World Cup.
- bond: At age 16: You can buy premium bonds.
- sms: IPX will be used to support premium SMS and WAP payment services in Scandinavia.
- rate: Some premium rate services on mobile phones may use short access codes.
- brand: For Wal-Mart, Levi's Signature line will be a premium brand.
- pr: Less likely to of health based premium pr eligible in place child health plus insurance prior.
Noun used with modifier
- insurance: Insurance premium assuming your camp are away on business.
- ln: Programs for newly differential ln premium to create a. We do our what is best.
- pensioner: Pensioner Premium For all claimants ( or their partners ) aged between 60 and 74.
- delta: Not imagine he's years ago and eligible offer delta premium.
Thereisprobablyagreater premiumontemperamentfor a batsman than for any player in any branch of sport.
Browse dictionary entries near premium
- premiss
- premising
- premises
- premised
- premise
- premillennially
- premillennialist
- premillennialism
- premillennial
- premillenarianism
- premium bond
- premium income
- premium, unearned
- premiums
- premolar
- premonish
- premonition
- premonitory
- premorse
- premunition
