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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.
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]
adjective. us / ˈpriː.mi.əm / uk / ˈpriː.mi.əm / C2. used to refer to something that is of higher than usual quality: premium ice cream. The building is on a premium site.
Definition of premium noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
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: 1. an amount of money you pay for insurance (= payments for an accident or illness): 2. an amount…. Learn more.
