Premium meaning
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
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
An amount paid or required, often as an installment payment, for an insurance policy.
noun
The amount that a policy holder pays an insurance company for coverage.
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
An interest payment, usually on a regular basis, on a loan.
noun
An unusual or high value.
Employers put a premium on honesty and hard work.
noun
An amount paid to obtain a loan.
noun
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
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
A prize or award.
noun
Of superior quality or value.
Premium gasoline.
adjective
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
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
Very high value.
To put a premium on punctuality.
noun
The amount by which one form of money exceeds another (of the same nominal value) in exchange value, or buying power.
noun
Rated as superior in quality and sold at a higher price.
adjective
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A price that is above market prices.
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.
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
(finance) The amount by which a security's value exceeds its face value.
noun
Origin of premium
Latin praemium inducement, reward prae- pre- emere to take, buy em- in Indo-European roots