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- DictionaryPre·mi·um/ˈprēmēəm/
noun
- 1. an amount to be paid for an insurance policy.
- 2. a sum added to an ordinary price or charge: "customers are reluctant to pay a premium for organic fruit"
The meaning of PREMIUM is a reward or recompense for a particular act. How to use premium in a sentence.
a prize, bonus, or award given as an inducement, as to purchase products, enter competitions initiated by business interests, etc. a bonus, gift, or sum additional to price, wages, interest, or the like. Synonyms: reward.
PREMIUM meaning: 1. an amount that is more than usual: 2. an amount of money paid to get insurance: 3. the highest…. Learn more.
1. a prize or bonus given as an inducement, as to purchase products. 2. a bonus, gift, or sum additional to price, wages, interest, or the like. 3. the amount usu. paid in installments by a policyholder for coverage under a contract. 4. a sum above the nominal or par value of a thing.
Definitions of premium. adjective. having or reflecting superior quality or value. “ premium gasoline at a premium price”. synonyms: superior. of high or superior quality or performance. noun. the amount that something in scarce supply is valued above its nominal value.
PREMIUM definition: 1. an amount that is more than usual: 2. an amount of money paid to get insurance: 3. the highest…. Learn more.
A premium is a sum of money that you have to pay for something in addition to the normal cost. Even if customers want 'solutions', most are not willing to pay a premium for them. Callers are charged a premium rate of 48p a minute. Synonyms: surcharge, extra charge, additional fee or charge More Synonyms of premium.
A reward or prize, esp. one offered free or at a special low price as an added inducement to buy or do something; bonus. 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.
premium an amount of money that you pay once or regularly for an insurance policy; an extra payment added to the basic rate; a higher amount of money than usual: an insurance premium; a premium for express delivery
an amount of money that you pay as the first part of a larger payment; money that you put into a bank account: one of a number of payments that you make regularly over a period of time until you have paid for something: payment/premium/contributions/subscription/deposit/installments.
