Quantcast
Merriam-Webster Logo
  • Dictionary
  • Thesaurus
  • Medical
  • Scrabble
  • Spanish Central
  • Learner's Dictionary
1

premium

play
noun pre·mi·um \ˈprē-mē-əm\

Simple Definition of premium

  • : the price of insurance : the amount paid for insurance

  • : a price that is higher than the regular price

  • : a high or extra value

Full Definition of premium

  1. 1 a :  a reward or recompense for a particular act b :  a sum over and above a regular price paid chiefly as an inducement or incentive c :  a sum in advance of or in addition to the nominal value of something <bonds callable at a premium of six percent> d :  something given free or at a reduced price with the purchase of a product or service

  2. 2 :  the consideration paid for a contract of insurance

  3. 3 :  a high value or a value in excess of that normally or usually expected <put a premium on accuracy>

Examples of premium

  1. Health insurance premiums went up again this year.

  2. The monthly premium for your health insurance is deducted from your paycheck.

  3. Many customers are willing to pay a premium for organic vegetables.



Origin of premium

Latin praemium booty, profit, reward, from prae- + emere to take, buy — more at redeem


First Known Use: 1601


2

premium

adjective pre·mi·um

Simple Definition of premium

  • : high or higher than normal

  • : of high or higher than normal quality

Full Definition of premium

  1. :  of exceptional quality or amount; also :  higher-priced

Examples of premium

  1. <lavish feasts at which premium wines flowed freely>



1844

First Known Use of premium

1844



PREMIUM Defined for Kids

premium

play
noun pre·mi·um \ˈprē-mē-əm\

Definition of premium

  1. 1 :  a reward for a special act

  2. 2 :  an amount above the regular or stated price <There is a premium for overnight delivery.>

  3. 3 :  the amount paid for a contract of insurance <health insurance premiums>

  4. 4 :  a high or extra value <He put a premium on accuracy.>





Seen and Heard

What made you want to look up premium? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

February 9, 2016

marked by high spirits and laughter

Get Word of the Day daily email!

WORD GAMES

Take a 3-minute break and test your skills!

image1037863653

Which of the following refers to thin, bending ice, or to the act of running over such ice?

spindrift pince-nez kittly-benders duvet
Name That Thing

10 quick questions: hear them, spell them, and see how your skills compare to the crowd.

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ