premium

[ pree-mee-uhm ]

/ ˈpri mi əm /

SEE SYNONYMS FOR premium ON THESAURUS.COM

noun

a prize, bonus, or award given as an inducement, as to purchase products, enter competitions initiated by business interests, etc.

a bonus, gift, or sum additional to price, wages, interest, or the like.

Insurance. the amount paid or to be paid by the policyholder for coverage under the contract, usually in periodic installments.

Economics. the excess value of one form of money over another of the same nominal value.

a sum above the nominal or par value of a thing.

the amount paid to the lender of stock by the borrower, typically a short seller.

the amount the buyer of a call or put option pays to the seller, quoted in dollars per share of stock.

a fee paid for instruction in a trade or profession.

a sum additional to the interest paid for the loan of money.

adjective

of exceptional quality or greater value than others of its kind; superior: a wine made of premium grapes.

of higher price or cost.

of or relating to premiums: to work in premium sales.

Idioms for premium

at a premium,

at an unusually high price.
in short supply; in demand: Housing in that area is at a premium.

Origin of premium

First recorded in 1595–1605, premium is from the Latin word praemium profit, reward

SYNONYMS FOR premium

2 reward. See bonus.

SEE SYNONYMS FOR premium ON THESAURUS.COM

OTHER WORDS FROM premium

non·pre·mi·um, noun su·per·pre·mi·um, adjective, noun

Words nearby premium

premillennialism, premillennialize, preminger, premise, premises, premium, premium loan, premium savings bonds, premix, première, première danseuse

British Dictionary definitions for at a premium

premium

/ (ˈpriːmɪəm) /

noun

an amount paid in addition to a standard rate, price, wage, etc; bonus

the amount paid or payable, usually in regular instalments, for an insurance policy

the amount above nominal or par value at which something sells

an offer of something free or at a specially reduced price as an inducement to buy a commodity or service
(as modifier)a premium offer

a prize given to the winner of a competition; award

US an amount sometimes charged for a loan of money in addition to the interest

great value or regard to put a premium on someone's services

a fee, now rarely required, for instruction or apprenticeship in a profession or trade

at a premium

in great demand or of high value, usually because of scarcity
above par

Word Origin for premium

C17: from Latin praemium prize, booty, reward

Idioms and Phrases with at a premium (1 of 2)

at a premium

At a higher price than usual owing to scarcity; also, considered more valuable, held in high esteem. For example, Since that article came out, the firm's stock has been selling at a premium and Space is at a premium in most stores. This idiom uses premium in the sense of “bounty” or “bonus.” [Mid-1800s] Also see put a premium on.

Idioms and Phrases with at a premium (2 of 2)

premium

see at a premium; put a premium on.

BROWSE DICTIONARY

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premium

noun

adjective

Idioms for premium

Origin of premium

SYNONYMS FOR premium

OTHER WORDS FROM premium

Words nearby premium

British Dictionary definitions for at a premium

noun

Word Origin for premium

Idioms and Phrases with at a premium (1 of 2)

Idioms and Phrases with at a premium (2 of 2)

BROWSE DICTIONARY

Learning

premium

noun

adjective

Idioms for premium

Origin of premium

SYNONYMS FOR premium

OTHER WORDS FROM premium

Words nearby premium

Words related to at a premium

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noun

Word Origin for premium

Idioms and Phrases with at a premium (1 of 2)

Idioms and Phrases with at a premium (2 of 2)

British Dictionary definitions for at a premium