What does premium mean?

Definitions for premium
ˈpri mi əmpre·mi·um

This dictionary definitions page includes all the possible meanings, example usage and translations of the word premium.

Princeton's WordNet

  1. premium, insurance premiumnoun

    payment for insurance

  2. premiumnoun

    the amount that something in scarce supply is valued above its nominal value

    "they paid a premium for access to water"

  3. agio, agiotage, premium, exchange premiumnoun

    a fee charged for exchanging currencies

  4. premiumnoun

    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. bounty, premiumadjective

    payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military

  6. premiumadjective

    having or reflecting superior quality or value

    "premium gasoline at a premium price"


  1. premiumnoun

    A prize or award.

  2. premiumnoun

    Something offered at a reduced price as an inducement to buy something else.

  3. premiumnoun

    A bonus paid in addition to normal payments.

  4. premiumnoun

    The amount to be paid for an insurance policy.

  5. premiumnoun

    An unusually high value.

  6. premiumnoun

    The amount by which a security's value exceeds its face value.

  7. premiumadjective

    Superior in quality; higher in price or value.

Samuel Johnson's Dictionary

  1. Premiumnoun

    Something given to invite a loan or a bargain.

    Etymology: præmium, Lat.

    No body cares to make loans upon a new project; whereas men never fail to bring in their money upon a land-tax, when the premium or interest allowed them is suited to the hazard they run. Joseph Addison, Freeholder, №. 23.

    People were tempted to lend, by great premiums and large interest; and it concerned them to preserve that government, which they had trusted with their money. Jonathan Swift, Miscel.

Webster Dictionary

  1. Premiumnoun

    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. Premiumnoun

    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. Premiumnoun

    a sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind

  4. Premiumnoun

    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

  5. Etymology: [L. praemium, originally, what one has got before or better than others; prae before + emere to take, buy. See Redeem.]


  1. Premium

    Premium is a 2006 romantic comedy-drama film written and directed by Pete Chatmon.

Chambers 20th Century Dictionary

  1. Premium

    prē′mi-um, n. a reward: a prize: a bounty: payment made for insurance: the difference in value above the original price or par of stock—opp. to Discount: anything offered as an incentive.—adjs. Prē′mial, Prē′miant.—v.t. Prē′miate, to reward with a premium.—At a premium, above par (see Par). [L. præmiumpræ, above, emĕre, to buy.]

Dictionary of Nautical Terms

  1. premium

    Simply a reward; but in commerce it implies the sum of money paid to the underwriters on ship or cargo, or parts thereof, as the price of the insurance risk.

Suggested Resources

  1. premium

    Song lyrics by premium -- Explore a large variety of song lyrics performed by premium on the Lyrics.com website.

British National Corpus

  1. Written Corpus Frequency

    Rank popularity for the word 'premium' in Written Corpus Frequency: #3323

  2. Nouns Frequency

    Rank popularity for the word 'premium' in Nouns Frequency: #1900

How to pronounce premium?

How to say premium in sign language?


  1. Chaldean Numerology

    The numerical value of premium in Chaldean Numerology is: 3

  2. Pythagorean Numerology

    The numerical value of premium in Pythagorean Numerology is: 5

Examples of premium in a Sentence

  1. Patrick Finnegan:

    You may think a heavy-duty truck customer might not be in the market for that sort of thing, might not be willing to pay for it, but it’s some of those features that they’re actually most excited about, like Bose Premium Series speakers.

  2. Angus Gluskie:

    It's a preliminary-style bid which doesn't yet provide an adequate premium for control, and most would expect there to be both more debate about the strategic merit and pricing.

  3. Richard Aboulafia:

    You need to find enough full-fare premium passengers to justify the aircraft. Good luck with that.

  4. Duncan Aldred:

    The reason we try and create strong brands is because they need to mean different things to different people, they need to attract people in different ways. And establishing GMC as the premium SUV and truck brand, that attracts different customers and they want a GMC.

  5. Benjamin Lu:

    Growing fears of a supply squeeze and heightened geopolitical tensions in the Middle East will add a risk premium for oil prices, oil markets though adequately supplied over well-stocked global inventories will remain fragile as market deliberate looming supply-side uncertainties. A prolonged supply outage and heightened militaristic tensions (Middle East) will keep traders fixated on growing market risks in the current term.

Popularity rank by frequency of use


Translations for premium

From our Multilingual Translation Dictionary

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"premium." Definitions.net. STANDS4 LLC, 2023. Web. 29 Mar. 2023. <https://www.definitions.net/definition/premium>.

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    • A. elaborate
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