- nounpremium (noun) · premiums (plural noun)
- an amount to be paid for an insurance policy.
- 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 marketthe 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%"
- something given as a reward, prize, or incentive:"the Society of Arts awarded him a premium"
Originearly 17th century (in the sense ‘reward, prize’): from Latin praemium ‘booty, reward’, from prae ‘before’ + emere ‘buy, take’.Similar and Opposite Wordsnoun- an amount to be paid for an insurance policy.
- a sum added to an ordinary price or charge:
- 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:
- 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:
- something given as a reward, prize, or incentive:
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