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Definitions for Premium

[1] a prize, bonus, or award given as an inducement, as to purchase products, enter competitions initiated by business interests, etc.
[2] a bonus, gift, or sum additional to price, wages, interest, or the like.
[3] Insurance . the amount paid or to be paid by the policyholder for coverage under the contract, usually in periodic installments.
[4] Economics . the excess value of one form of money over another of the same nominal value.
[5] a sum above the nominal or par value of a thing.
[6] the amount paid to the lender of stock by the borrower, typically a short seller.
[7] the amount the buyer of a call or put option pays to the seller, quoted in dollars per share of stock.
[8] a fee paid for instruction in a trade or profession.
[9] a sum additional to the interest paid for the loan of money.
[10] of exceptional quality or greater value than others of its kind; superior: a wine made of premium grapes.
[11] of higher price or cost.
[12] of or relating to premiums: to work in premium sales.
[13] at a premium , at an unusually high price. in short supply; in demand: Housing in that area is at a premium.
[14] an amount paid in addition to a standard rate, price, wage, etc; bonus
[15] the amount paid or payable, usually in regular instalments, for an insurance policy
[16] the amount above nominal or par value at which something sells
[17] an offer of something free or at a specially reduced price as an inducement to buy a commodity or service (as modifier ) a premium offer
[18] a prize given to the winner of a competition; award
[19] US an amount sometimes charged for a loan of money in addition to the interest
[20] great value or regard to put a premium on someone's services
[21] a fee, now rarely required, for instruction or apprenticeship in a profession or trade
[22] at a premium in great demand or of high value, usually because of scarcity above par

Words related to Premium

dividend, fee, value, stock, prime, superior, choice, gravy, regard, perk, plum, extra, guerdon, appreciation, recompense, boon, bounty, percentage, reward, store

Words nearby Premium

premillennialism, premillennialize, preminger, premise, premises, premium, premium loan, premium savings bonds, premix, première, première danseuse

Origin of Premium

First recorded in 1595–1605, premium is from the Latin word praemium profit, reward

Other words from Premium

non·pre·mi·um , noun
su·per·pre·mi·um , adjective, noun

Word origin for Premium

C17: from Latin praemium prize, booty, reward

Synonyms for Premium

choice, prime, superior, exceptional, select, selected