Premium definition
An amount paid or required, often as an installment payment, for an insurance policy.
noun
A sum of money or bonus paid in addition to a regular price, salary, or other amount.
Many people are willing to pay a premium to live near the ocean.
noun
Of superior quality or value.
Premium gasoline.
adjective
A payment.
- 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.
noun
The amount at which a securities option is bought or sold.
noun
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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.
An amount paid to obtain a loan.
noun
(finance) The amount by which a security's value exceeds its face value.
noun
The definition of premium is something or someone of greater or superior quality.
An example of premium used as an adjective is the phrase premium gasoline which means a gasoline with a higher octane rating.
adjective
The amount at which something, such as a security or a currency, is valued above its initial or nominal price.
noun
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Something offered free or at a reduced price as an inducement to buy something else.
Offered the backpack as a premium for students opening new bank accounts.
noun
An additional amount paid or charged.
- 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.
noun
Rated as superior in quality and sold at a higher price.
adjective
A price that is above market prices.
The amount that a policy holder pays an insurance company for coverage.
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In the options market, the cost of the option.
Money paid to an insurer in exchange for coverage.
noun
Money paid by a buyer for an option to buy stock or property.
noun
A reward for a job after it has been done.
noun
(archaic) Payment for training in a trade or profession.
noun
Very high value.
To put a premium on punctuality.
noun
Premium is defined as a reward, or the amount of money that a person pays for insurance.
An example of a premium is an end of the year bonus.
An example of a premium is a monthly car insurance payment.
noun
An unusual or high value.
Employers put a premium on honesty and hard work.
noun
An interest payment, usually on a regular basis, on a loan.
noun
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A prize or award.
noun
A reward or prize, esp. one offered free or at a special low price as an added inducement to buy or do something; bonus.
noun
(econ.) The amount by which one form of money exceeds another (of the same nominal value) in exchange value, or buying power.
noun
at a premium
- More valuable than usual, as from scarcity:Fresh water was at a premium after the reservoir was contaminated.
idiom
at a premium
- at a value or price higher than normal
- very valuable, usually because of scarcity
idiom
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Other Word Forms
Noun
Singular:
premium
Plural:
premia, premiumsIdioms and Phrasal Verbs
Origin of premium
- Latin praemium inducement, reward prae- pre- emere to take, buy em- in Indo-European roots
From American Heritage Dictionary of the English Language, 5th Edition