define premium - Search
  1. Dictionary

    pre·mi·um
    [ˈprēmēəm]
    noun
    premium (noun) · premiums (plural 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"
      • a sum added to interest or wages; a bonus.
      • relating to or denoting a commodity or product of superior quality and therefore a higher price:
        "premium beers"
      • stock market
        the amount by which the price of a share or other security exceeds its issue price, its nominal value, or the value of the assets it represents:
        "the fund has traded at a premium of 12%"
    3. something given as a reward, prize, or incentive:
      "the Society of Arts awarded him a premium"
    Origin
    early 17th century (in the sense ‘reward, prize’): from Latin praemium ‘booty, reward’, from prae ‘before’ + emere ‘buy, take’.
    Translate premium to
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    Similar and Opposite Words
    noun
    1. an amount to be paid for an insurance policy.
      insurance charge
      insurance payment
      regular payment
    2. a sum added to an ordinary price or charge:
      additional payment
      extra amount/charge
      additional fee
    3. something given as a reward, prize, or incentive:
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