premium

1 of 2

noun

pre·​mi·​um ˈprē-mē-əm How to pronounce premium (audio)
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
: the consideration paid for a contract of insurance
3
: a high value or a value in excess of that normally or usually expected
put a premium on accuracy

premium

2 of 2

adjective

: of exceptional quality or amount
also : higher-priced

Examples of premium in a Sentence

Noun Health insurance premiums went up again this year. The monthly premium for your health insurance is deducted from your paycheck. Many customers are willing to pay a premium for organic vegetables. Adjective lavish feasts at which premium wines flowed freely
Recent Examples on the Web
Noun
Dark brown hardwood floors flow into the dining room, which is serviced by an all-white kitchen with marble countertops, dual islands and premium appliances. Jmcclain, Robb Report, 11 Mar. 2024 To maximize stability, this premium umbrella pairs seamlessly with the Better Homes & Gardens Umbrella Base, suitable for use through a table with a 45 lb. base or freestanding with a 75 lb. base. Christianna Silva, Better Homes & Gardens, 11 Mar. 2024 Keep an eye out for our special section on the greatest Hollywood books of all time, online April 8 and in a premium print edition April 14. Jim Ruland, Los Angeles Times, 10 Mar. 2024 The Junior Family Suites (recommended for three people), Family Suites (for four), and Master Family Suites (for five) are the resort’s premium accommodations. Lydia Price, Travel + Leisure, 9 Mar. 2024 Those wanting to stream the show live can do so with a Peacock premium subscription, or stream new episodes the next day with a basic Peacock subscription. Grace Tucker, The Enquirer, 8 Mar. 2024 This seems to have triggered a gamma squeeze in which market makers who had sold calls to retail traders, or even those selling calls to collect what previously seemed like attractive premiums, were forced to buy futures to hedge their option risk. Moneyshow, Forbes, 1 Mar. 2024 The strike has prompted Transdev to cut off health-care benefits for employees on strike in March, a move that could leave them with hefty monthly premiums. Danny Nguyen, Washington Post, 1 Mar. 2024 In a reflection of the sinking valuations, offers are coming in at high premiums — and many have been rejected. Alexandra Muller, Fortune Europe, 1 Mar. 2024
Adjective
Join Fox News for access to this content Plus special access to select articles and other premium content with your account - free of charge. Greg Norman, Fox News, 14 Mar. 2024 The premium cable outlet is developing a drama titled Origins, which would follow younger versions of Ghost and Tommy, characters played by Omari Hardwick and Joseph Sikora in Power (Sikora also stars in the spinoff Power Book IV: Force). Rick Porter, The Hollywood Reporter, 13 Mar. 2024 The nearly 40,000-square-foot space will boast a year-round outdoor terrace and a chef’s kitchen, among other premium amenities. Stella Shon, Travel + Leisure, 13 Mar. 2024 Satin and leather materials used for the insole are highlighted as two premium sock liners with a metallic wings logo. Demetrius Simms, Robb Report, 12 Mar. 2024 For example, a significant number of moviegoers opted to pay a higher price to see Nolan’s atomic bomb drama in a premium large format, with Imax screenings accounting for a record-breaking 26.2% of the film’s domestic opening weekend gross. Christi Carras, Los Angeles Times, 9 Mar. 2024 Buying a premium video-camera company may certainly give the brand a leg up. Boone Ashworth, WIRED, 9 Mar. 2024 Thanks for reading! —Kelly Phillips Erb (Senior Writer, Tax) Articles marked with (☆) are premium content and require you to log-in with your Forbes membership credentials. Kelly Phillips Erb, Forbes, 2 Mar. 2024 The airline provides free Wi-Fi, live TV, and premium snacks to passengers in the economy cabin. Michael Cappetta, Travel + Leisure, 1 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'premium.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

Noun

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

First Known Use

Noun

1601, in the meaning defined at sense 1a

Adjective

1844, in the meaning defined above

Time Traveler
The first known use of premium was in 1601

Dictionary Entries Near premium

Cite this Entry

“Premium.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/premium. Accessed 19 Mar. 2024.

Kids Definition

premium

1 of 2 noun
pre·​mi·​um ˈprē-mē-əm How to pronounce premium (audio)
1
a
: a reward for an act
b
: a sum over and above a regular or stated price
c
: something given free or at a lower price with the purchase of a product or service
2
: the amount paid for a contract of insurance
3
: a high or extra value
put a premium on accuracy

premium

2 of 2 adjective
: of high quality, value, or price
Etymology

Noun

Latin praemium "booty, profit, reward," from prae- "before" + emere "to take, buy"

Legal Definition

premium

noun
pre·​mi·​um ˈprē-mē-əm How to pronounce premium (audio)
1
: the difference between the face value or par value of a security and its market price when the latter is greater compare discount
2
: the price paid for an insurance contract equal to the cost per unit times the number of units

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