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1. (n.) premium
a prize or bonus given as an inducement, as to purchase products.
2. premium
a bonus, gift, or sum additional to price, wages, interest, or the like.
3. premium
the amount usu. paid in installments by a policyholder for coverage under a contract.
4. premium
a sum above the nominal or par value of a thing.
5. premium
great value or esteem:
She puts a premium on loyalty.
6. (adj.) premium
of exceptional quality or greater value than others of its kind; superior.
7. premium
of higher price or cost.
8. premium
at an unusually high price.
9. premium
in short supply; in demand.
Etymology: (1595–1605; < L praemium profit, reward)
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| Definition of 'premium' |
Princeton's WordNet |
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1. (noun) premium, insurance premium
payment for insurance
2. (noun) premium
the amount that something in scarce supply is valued above its nominal value
"they paid a premium for access to water"
3. (noun) agio, agiotage, premium, exchange premium
a fee charged for exchanging currencies
4. (noun) premium
a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
"they encouraged customers with a premium for loyal patronage"
5. (adj) bounty, premium
payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
6. (adj) premium
having or reflecting superior quality or value
"premium gasoline at a premium price"
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1. (noun) premium
an amount of money you pay for insurance
payment of monthly premiums
2. premium
a higher price than normal
Customers are willing to pay a premium for organic food.; products that sell at a premium
3. premium
put/place a premium on
to consider as important
societies that do not place a premium on the education of girls
4. (adjective) premium
best or most expensive
We provide a premium service.
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| Definition of 'premium' |
Webster Dictionary |
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1. (noun) premium
a reward or recompense; a prize to be won by being before another, or others, in a competition; reward or prize to be adjudged; a bounty; as, a premium for good behavior or scholarship, for discoveries, etc
2. (noun) premium
something offered or given for the loan of money; bonus; -- sometimes synonymous with interest, but generally signifying a sum in addition to the capital
3. (noun) premium
a sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind
4. (noun) premium
a sum in advance of, or in addition to, the nominal or par value of anything; as, gold was at a premium; he sold his stock at a premium
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Definitions of premium 
