premium
premium Lexical Profile
premium Game Scores & Validity
• adjective
Relating to or denoting a commodity, service, or brand of superior quality and consequently higher price.
"The airline offers extra legroom and gourmet meals for passengers in the premium cabin."
• noun
An amount to be paid for a contract of insurance, typically on a monthly or annual basis.
"Her monthly health insurance premium decreased after she enrolled in the wellness program."
A sum added to an ordinary price or charge, or the amount by which the price of a security or commodity exceeds its par value.
"Consumers are often willing to pay a premium for organic produce."
High value or great importance placed on a particular quality or resource.
"Modern software engineering teams place a high premium on clear documentation and code maintainability."
A reward, bonus, or promotional gift offered as an incentive to buyers or employees.
"The bank offered a cash premium to new customers who opened a savings account."
• Rhymes for premium
Word Origin & Etymology
Borrowed in the early 17th century from Latin praemium ('reward, prize, profit'), formed from prae- ('before') and emere ('to take, buy').