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