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- Dictionarypremium/ˈpriːmɪəm/
noun
- 1. an amount to be paid for a contract of insurance. Similar
- 2. a sum added to an ordinary price or charge: "customers are reluctant to pay a premium for organic fruit" Similar
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PREMIUM definition: 1. an amount that is more than usual: 2. an amount of money paid to get insurance: 3. the highest…. Learn more.
: 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.
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.
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”.
Premium Definition. An amount paid or required, often as an installment payment, for an insurance policy. An additional amount paid or charged. A payment. A reward or prize, esp. one offered free or at a special low price as an added inducement to buy or do something; bonus.
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.
Definition of premium noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
premium an amount of money that you pay once or regularly for an insurance policy; an extra payment added to the basic rate; a higher amount of money than usual: an insurance premium a premium for express delivery
1. countable noun. A premium is a sum of money that you pay regularly to an insurance company for an insurance policy. It is too early to say whether insurance premiums will be affected. 2. countable noun. A premium is a sum of money that you have to pay for something in addition to the normal cost.
Definition of premium adjective in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
