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Definition of Premium
1. Adjective. Having or reflecting superior quality or value. "Premium gasoline at a premium price"
2. Noun. Payment for insurance.
3. Noun. The amount that something in scarce supply is valued above its nominal value. "They paid a premium for access to water"
4. Noun. A fee charged for exchanging currencies.
5. Noun. A prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.. "They encouraged customers with a premium for loyal patronage"
6. Noun. Payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military.
Category relationships: Administration, Governance, Governing, Government, Government Activity
Generic synonyms: Reward
Definition of Premium
1. n. A reward or recompense; a prize to be won by being before another, or others, in a competition; reward or prize to be adjudged; a bounty; as, a premium for good behavior or scholarship, for discoveries, etc.
Definition of Premium
1. Adjective. Superior in quality; higher in price or value. ¹
2. Noun. A prize or award. ¹
3. Noun. Something offered at a reduced price as an inducement to buy something else. ¹
4. Noun. A bonus paid in addition to normal payments. ¹
5. Noun. The amount to be paid for an insurance policy. ¹
6. Noun. An unusually high value. ¹
7. Noun. (finance) The amount by which a security's value exceeds its face value. ¹
¹ Source: wiktionary.com
Definition of Premium
1. an additional payment [n -S]
Lexicographical Neighbors of Premium
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