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"

Wiktionary

  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.

ChatGPT

  1. premium

    A premium is a specified amount of money paid periodically for something of value, such as a contract, service, or product. It's commonly used in context of insurance where it refers to the amount paid by the insured individual to the insurance company for coverage against certain risks. Similarly, in finance, it is the amount paid over and above the face value or market price of stocks, bonds, or securities. In the broader sense, it can also refer to an additional charge or fee for higher quality or superior service.

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.]

Wikidata

  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?

Numerology

  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. Rohan Walsh:

    It's a first shot. The premium being offered looks very modest.

  2. Frank Weber:

    If you go into a hotel or restaurant, waterfront is a premium, we are on a ship, and we have a unique situation where we’re always waterfront.

  3. Saker Nusseibeh:

    (Financial institutions) put a permanent premium on investing in Scotland ... I think the same thing is beginning here. Even by talking about leaving the EU we are beginning to weaken the financial industry in the UK.

  4. Scott Rosenberg:

    We love being in the market talking about how premium OTT ads are because they are running on a 55-inch television and they are 100 percent viewable, we also like to talk about the fact that it's a shared device because there are more people in the living room.

  5. Richard Aboulafia:

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

Popularity rank by frequency of use

premium#1#2083#10000

Translations for premium

From our Multilingual Translation Dictionary

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"premium." Definitions.net. STANDS4 LLC, 2024. Web. 20 Jul 2024. <https://www.definitions.net/definition/premium>.

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    being essentially equal to something
    A butch
    B equivalent
    C occlusive
    D adscripted

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