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Vocabulary Entry
premium
|noun • adjective • verb
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N
noun
A sum of money paid for an insurance policy or a fee for a service.
Example Sentences
"She paid her insurance premium on time each month."
"The premium for the new policy was higher than expected."
"He received a discount for opting for a yearly premium instead of monthly."
A
adjective
Of superior quality or greater value.
Example Sentences
"They only sell premium products in their store."
"The premium version of the software includes additional features."
"She enjoys premium coffee imported from exotic locations."
V
verb
To set or determine the price of something at a higher level.
Example Sentences
"The company decided to premium the new model due to its advanced technology."
"They will premium their services to reflect the added benefits offered."
"By premium pricing, the restaurant aims to attract a wealthier clientele."