Premium Definition
prēmē-əm
premiums
noun
premiums
An amount paid or required, often as an installment payment, for an insurance policy.
American Heritage
An additional amount paid or charged.
Webster's New World
A payment.
Webster's New World
A reward or prize, esp. one offered free or at a special low price as an added inducement to buy or do something; bonus.
Webster's New World
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.
American Heritage
Synonyms:
adjective
Rated as superior in quality and sold at a higher price.
Webster's New World
idiom
at a premium
- More valuable than usual, as from scarcity:
Fresh water was at a premium after the reservoir was contaminated.
American Heritage
at a premium
- at a value or price higher than normal
- very valuable, usually because of scarcity
Webster's New World
Other Word Forms of Premium
Noun
Singular:
premiumPlural:
premia, premiumsIdioms, Phrasal Verbs Related to Premium
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
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