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
Those include a growing demand for personalized and premium fragrances. Jennifer Weil, WWD, 25 Oct. 2024 But the Silk & Snow Organic mattress hits a nice price point for premium, eco-friendly materials and extra features like the year-long trial period and free shipping. Ashley Zlatopolsky, Architectural Digest, 25 Oct. 2024
Adjective
Omaha Steaks: Choose from several Thanksgiving dinner packages and get premium cuts of meats and holiday sides delivered for as much as 50% off. Elsie Boskamp, USA TODAY, 25 Oct. 2024 Other emerging networks are adapting this mindset as well, from Rove tapping independent grocer Gelson’s to open a premium convenience store to Rivian’s Adventure Network popping up near national parks. Andrew Cornelia, Fortune, 25 Oct. 2024 See all Example Sentences for premium 

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 31 Oct. 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

More from Merriam-Webster on premium

Last Updated: - Updated example sentences
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