Premium meaning

prē'mē-əm
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
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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
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An amount paid or required, often as an installment payment, for an insurance policy.
noun
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The amount that a policy holder pays an insurance company for coverage.
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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
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Payment for training in a trade or profession.
noun
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An interest payment, usually on a regular basis, on a loan.
noun
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An unusual or high value.

Employers put a premium on honesty and hard work.

noun
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An amount paid to obtain a loan.
noun
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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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The amount at which a securities option is bought or sold.
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
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A prize or award.
noun
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Of superior quality or value.

Premium gasoline.

adjective
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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
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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
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A payment.
  • The amount payable or paid, in one sum or periodically, for an insurance policy.
  • 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
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Very high value.

To put a premium on punctuality.

noun
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The amount by which one form of money exceeds another (of the same nominal value) in exchange value, or buying power.
noun
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Rated as superior in quality and sold at a higher price.
adjective
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A price that is above market prices.
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In the options market, the cost of the option.
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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.
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Money paid to an insurer in exchange for coverage.
noun
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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
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Superior in quality; higher in price or value.
adjective
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A prize or award.
noun
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Something offered at a reduced price as an inducement to buy something else.
noun
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A bonus paid in addition to normal payments.
noun
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The amount to be paid for an insurance policy.
noun
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noun
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(finance) The amount by which a security's value exceeds its face value.
noun
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Origin of premium

Latin praemium inducement, reward prae- pre- emere to take, buy em- in Indo-European roots