premium

IPA: prˈimiʌm

noun

  • A prize or award.
  • Something offered at a reduced price as an inducement to buy something else.
  • A bonus paid in addition to normal payments.
  • (insurance) The amount to be paid for an insurance policy.
  • An unusually high value.
  • (finance) The amount by which a security's value exceeds its face value.

adjective

  • Superior in quality; higher in price or value.
  • (automotive) High-end; belonging to the market segment between mid-market and luxury.
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Examples of "premium" in Sentences

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