AskDefine | Define premium

Dictionary Definition

premium adj : having or reflecting superior quality or value; "premium gasoline at a premium price"

Noun

1 payment for insurance [syn: insurance premium]
2 a fee charged for exchanging currencies [syn: agio, agiotage, exchange premium]
3 payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military [syn: bounty]

User Contributed Dictionary

English

Adjective

  1. Superior in quality; higher in price or value.

Noun

  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.
  4. The amount to be paid for an insurance policy.
  5. An unusually high value.

Extensive Definition

A premium can be:
premium in French: Premium
premium in Dutch: Premie

Synonyms, Antonyms and Related Words

Trinkgeld, abatement, agio, allowance, appreciation, at a premium, award, bait, bank discount, bank rate, bonus, bonus system, bounty, breakage, bribe, carrot, cash discount, chain discount, charge-off, come-on, compensatory interest, compound interest, concession, consideration, costly, cut, dear, dear-bought, decoration, deduction, depreciation, discount, discount rate, dividend, donative, double time, drawback, exceptional, exorbitant interest, expensive, extra, extra added attraction, extra dash, fancy, fee, filigree, filling, fillip, flourish, freebie, frill, fringe benefit, goad, gratuity, gravy, grease, gross interest, guerdon, high, high-priced, honorarium, importance, in short supply, incentive, incentive pay, incitement, inducement, interest, interest rate, kickback, lagniappe, largess, liberality, lucrative interest, lure, luxurious, meed, mortgage points, net interest, not affordable, of great cost, ornament, overtime pay, padding, palm oil, penal interest, penalty, penalty clause, percentage, perks, perquisite, perquisites, plum, pourboire, price, price of money, price reduction, price-cut, pricey, prize, rare, rate, rate of interest, rebate, rebatement, reduction, refund, regard, reward, rich, rollback, salvage, salve, scant, scanty, scarce, setoff, simple interest, solatium, something extra, sparse, sportula, spur, steep, stiff, stimulus, stock, store, stuffing, sumptuous, superaddition, sweetener, tare, time discount, tip, top, trade discount, tret, trimming, twist, underselling, unpayable, usury, value, wrinkle, write-off
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