Skip to content
Vinony

premium

adjective

  1. of highest quality
L41249 on Wikidata ↗

noun

  1. award
  2. payment for some services
L41250 on Wikidata ↗

Wiktionary

Pronunciation: /ˈpɹiː.miː.əm/

adj

Etymology: From Latin praemium (“prize”).

  1. Superior in quality; higher in price or value.
  2. High-end; belonging to the market segment between mid-market and luxury.

noun

Etymology: From Latin praemium (“prize”).

  1. A prize or award.
  2. Something offered at a reduced price as an inducement to buy something else.
  3. A bonus paid in addition to normal payments.

    “At first I wrote it off to the simpler protocols of grandparenthood, with its premium on uncomplicated gestures of generosity and love.”

  4. The amount to be paid for an insurance policy.

    “(Of course, if an insured dies during the grace period, the unpaid annual premium or instalment thereof is past due and therefore is deducted from the death benefit.)”

    “Notice that these premia would exist even in a world of risk-neutral lenders if there were identifiable classes of nonrepaying borrowers.”

  5. An unusually high value.
  6. The amount by which a security's value exceeds its face value.