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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"
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Learn the meaning of premium as a noun and an adjective, with synonyms, examples, and word history. Premium can refer to a reward, a price, a quality, or a value.
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.
Learn the meaning of premium as a noun and an adjective in English, with synonyms, antonyms and related words. Find out how to use premium in different contexts, such as insurance, quality, price and location.
Learn the meaning of premium as a noun and an adjective in English, with synonyms, antonyms and related words. Find out how to use premium in different contexts, such as extra payment, insurance, quality or importance.
Learn the meaning of premium as an amount of money paid for an insurance policy or an extra payment added to the basic rate. Find out how to use premium in idioms and collocations with Oxford Advanced Learner's Dictionary.
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 is a noun that means an amount paid or required for something, such as an insurance policy, a loan, or a prize. It can also be an adjective that means of superior quality or value. See different sources and translations of premium.
