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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An amount paid to obtain a loan.
noun
Very high value.
To put a premium on punctuality.
noun
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.
(finance) The amount by which a security's value exceeds its face value.
noun
(archaic) Payment for training in a trade or profession.
noun
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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
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
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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.
Money paid to an insurer in exchange for coverage.
noun
Money paid by a buyer for an option to buy stock or property.
noun
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A reward for a job after it has been done.
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