English dictionary

premium

/'pr/i/m/i//@/m/

Definitions, examples, synonyms and antonyms from WordNet 3.0.

noun

payment for insurance

noun.possession

Synonyms insurance premium

Source: WordNet 3.0
the amount that something in scarce supply is valued above its nominal value

noun.possession

Examples
They paid a premium for access to water.

Source: WordNet 3.0
a fee charged for exchanging currencies

noun.possession

Synonyms agio agiotage exchange premium

Source: WordNet 3.0
a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.

noun.possession

Examples
They encouraged customers with a premium for loyal patronage.

Source: WordNet 3.0
payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military

noun.possession

Synonyms bounty

Source: WordNet 3.0
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 <i>premium</i> for good behavior or scholarship, for discoveries, etc.

noun

Source: webster1913