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  1. PREMIUM definition: 1. an amount that is more than usual: 2. an amount of money paid to get insurance: 3. the highest…. Learn more.

  2. : a sum in advance of or in addition to the nominal value of something. bonds callable at a premium of six percent. d. : something given free or at a reduced price with the purchase of a product or service. 2. : the consideration paid for a contract of insurance. 3. : a high value or a value in excess of that normally or usually expected.

  3. Premium definition: a prize, bonus, or award given as an inducement, as to purchase products, enter competitions initiated by business interests, etc.. See examples of PREMIUM used in a sentence.

  4. at a high price or a higher price than might be expected: We made 2.20 a share this year, and are trading at a premium on the S&P 500. at a premium to sth Investors had bid up the bank's shares in recent weeks, because they thought a bigger bank might buy the company at a premium to the current stock price.

  5. A premium is a sum of money that you have to pay for something in addition to the normal cost. Even if customers want 'solutions', most are not willing to pay a premium for them. Callers are charged a premium rate of 48p a minute. Synonyms: surcharge, extra charge, additional fee or charge More Synonyms of premium. 3. adjective [ADJECTIVE noun]

  6. 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. “they paid a premium for access to water”.

  7. 1. a prize or bonus given as an inducement, as to purchase products. 2. a bonus, gift, or sum additional to price, wages, interest, or the like. 3. the amount usu. paid in installments by a policyholder for coverage under a contract. 4. a sum above the nominal or par value of a thing.