Definitions for premium
ˈpri mi əmpre·mi·um

Princeton's WordNetRate this definition:5.0 / 1 vote

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"

WiktionaryRate this definition:4.5 / 2 votes

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 DictionaryRate this definition:0.0 / 0 votes

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.

ChatGPTRate this definition:0.0 / 0 votes

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 DictionaryRate this definition:2.0 / 1 vote

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.]

WikidataRate this definition:0.0 / 0 votes

1. Premium

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

Chambers 20th Century DictionaryRate this definition:0.0 / 0 votes

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. præmium—præ, above, emĕre, to buy.]

Dictionary of Nautical TermsRate this definition:0.0 / 0 votes

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 ResourcesRate this definition:2.5 / 2 votes

1. premium

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

Matched Categories

1. • Bonus
   • Charge
   • Payment
   • Prize
   • Value

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

Usage in printed sourcesFrom: 

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How to pronounce premium?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

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. Chief Executive Jochen Tilk:

   It was attractive when we made it (in July). Marketing conditions have changed, we think it's even more attractive now, i will not put words in K+S shareholders' mouths but I think most of them feel that is an appropriate offer in terms of premium.

2. Chief Executive Dave McKay:

   I'm paying a billion-dollar premium. And I feel strongly I can drive $200 million in synergies.

3. Barack Obama:

   It was a mind-set characterized by a preference for military action over diplomacy, a mind-set that put a premium on U.S. action over the painstaking work of building international consensus. A mind-set that exaggerated threats beyond what the intelligence supported.

4. Jim Foster:

   We do see periods of an increased premium for resins over crude oil during the past two years, but primarily in the U.S. domestic market.

5. Jonathan Smoke:

   The pressure is most extreme on the lower credit consumers, because not only are they dealing with the interest rate move and inflation and vehicle prices, but they may also pay a premium because their credit is not as good.

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=premium
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Premium
3. ^ Samuel Johnson's Dictionary
   https://johnsonsdictionaryonline.com/views/search.php?term=premium
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Webster Dictionary
   https://www.merriam-webster.com/dictionary/premium
6. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=premium
7. ^ Chambers 20th Century Dictionary
   https://www.gutenberg.org/files/37683/37683-h/37683-h.htm#:~:text=premium
8. ^ Dictionary of Nautical Terms
   https://www.gutenberg.org/cache/epub/26000/pg26000-images.html#:~:text=premium
9. ^ Usage in printed sources
   https://books.google.com/ngrams/graph?content=premium