noun
payment for insurance
Synonyms
insurance premium
noun
the amount that something in scarce supply is valued above its nominal value
Examples
- they paid a premium for access to water
noun
a fee charged for exchanging currencies
Synonyms
noun
a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
Examples
- they encouraged customers with a premium for loyal patronage
noun
payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
Synonyms
adjective
having or reflecting superior quality or value
Examples
- premium gasoline at a premium price