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Definitions and Synonyms of premium | Another word for premium | What is premium?

Definition 1: the amount that something in scarce supply is valued above its nominal value - [noun denoting possession]

Samples where premium or its synonyms are used according to this definition

  • they paid a premium for access to water

(premium is a kind of ...) the amount (of money or goods or services) that is considered to be a fair equivalent for something else

"he tried to estimate the value of the produce at normal prices"

Definition 2: payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military - [noun denoting possession]

Synonyms for premium in the sense of this definition

(premium is a kind of ...) payment made in return for a service rendered

(premium belongs to category ...) the act of governing; exercising authority

"regulations for the governing of state prisons" "he had considerable experience of government"

Definition 3: payment for insurance - [noun denoting possession]

Synonyms for premium in the sense of this definition

(premium is a kind of ...) a sum of money paid or a claim discharged

Definition 4: a fee charged for exchanging currencies - [noun denoting possession]

Synonyms for premium in the sense of this definition

(premium is a kind of ...) the price charged for some article or service

"the admission charge"

Definition 5: a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc. - [noun denoting possession]

Samples where premium or its synonyms are used according to this definition

  • they encouraged customers with a premium for loyal patronage

(premium is a kind of ...) something given for victory or superiority in a contest or competition or for winning a lottery

"the prize was a free trip to Europe"

(premium is a kind of ...) an additional payment (or other remuneration) to employees as a means of increasing output

Definition 6: having or reflecting superior quality or value - [adjective satellite denoting all]

Samples where premium or its synonyms are used according to this definition

  • premium gasoline at a premium price

(premium is similar to ...) of high or superior quality or performance

"superior wisdom derived from experience" "superior math students"

More words

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Other word for premonitory

premonitory meaning and synonyms

How to pronounce premonitory