Valid in these dictionaries
Meaning of ‘premium’
6 definitions found.
having or reflecting superior quality or value
Example: "premium gasoline at a premium price"
payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
Synonyms: bounty
a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
Example: "they encouraged customers with a premium for loyal patronage"
payment for insurance
Synonyms: insurance premium
a fee charged for exchanging currencies
Synonyms: agio agiotage exchange premium
the amount that something in scarce supply is valued above its nominal value
Example: "they paid a premium for access to water"
Source: WordNet 3.0 Copyright 2006 by Princeton University
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