premium

noun
pre·​mi·​um | \ ˈprē-mē-əm How to pronounce premium (audio) \

Definition of premium

 (Entry 1 of 2)

1a : 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

adjective

Definition of premium (Entry 2 of 2)

: of exceptional quality or amount also : higher-priced

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Synonyms & Antonyms for premium

Synonyms: Noun

Synonyms: Adjective

Antonyms: Adjective

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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 The last time utilities fetched such a large premium was during the Covid-19 market panic in March 2020. Jinjoo Lee, WSJ, 14 May 2022 Moving forward, the league is getting away from the notion that Fox has the premium package and CBS has something less than that. Los Angeles Times, 12 May 2022 Air France has redesigned its premium cabins to make your next long-range flight a lot more comfortable. Demetrius Simms, Robb Report, 12 May 2022 Passengers expressed dissatisfaction with the flight crews and aircraft—and the ongoing suspension of alcohol service in premium classes was a big sore point. Chris Morris, Fortune, 11 May 2022 And for those looking for comprehensive financial support and expertise, a premium package, PremierPlus, is the ideal choice for only $129.95 per month. The Salt Lake Tribune, 11 May 2022 When Lombardo departed the premium cable outlet in 2016, Daniels took the show to Amazon Studios, which was then headed by Roy Price. Lesley Goldberg, The Hollywood Reporter, 11 May 2022 The goal is to create a more seamless shopping experience, while positioning the products as premium, executives said. Lorraine Mirabella, Baltimore Sun, 11 May 2022 On that front, Pathé Gaumont now operates more than 100 premium theaters, and holds a near monopoly on Imax, Dolby Cinema and 4DX theaters throughout its territories. Ben Croll, Variety, 10 May 2022 Recent Examples on the Web: Adjective The prize offers the ultimate week-long Broadway experience including roundtrip airfare and accommodations for two, two premium tickets to eight different Broadway shows (Wicked, A Strange Loop, Come From Away, Hamilton, Moulin Rouge! Lauren Hubbard, Town & Country, 16 May 2022 When tickets go on sale, prices will range from $59 to $179, with a select number of premium tickets starting at $249. Brook Endale, The Enquirer, 11 May 2022 More than 400 hours of premium non-fiction content from Vice Media Group will be available on the national free-to-air broadcaster for the first time across South Africa and sub-Saharan Africa. Naman Ramachandran, Variety, 9 May 2022 This year, the most premium tickets sold out quickly. Eric Fuller, Forbes, 6 May 2022 The mayor and Metro Council members have subsequently directed additional portions of the city's ARP money toward priorities like affordable housing, premium pay for public employees and violence prevention programs. Billy Kobin, The Courier-Journal, 26 Apr. 2022 In 2021, the health system spent $57 million on premium pay for traveling nurses and incentives for current staff nurses, up from about $18 million in 2020, Ms. Zangerle said. Kris Maher, WSJ, 2 Mar. 2022 Employees who have already received premium pay, such as those in child care, were cut from the lists. Steve Smith, courant.com, 24 Feb. 2022 In addition, officers will get 2% in premium pay for intermediate police certificate training and 4% for an advanced police certificate from the state’s Department of Public Safety Standards and Training, effective July 1, 2024. oregonlive, 24 Feb. 2022 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'premium.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of premium

Noun

1601, in the meaning defined at sense 1a

Adjective

1844, in the meaning defined above

History and Etymology for premium

Noun

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

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Time Traveler for premium

Time Traveler

The first known use of premium was in 1601

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Dictionary Entries Near premium

premit

premium

premium loan

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Statistics for premium

Last Updated

17 May 2022

Cite this Entry

“Premium.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/premium. Accessed 20 May. 2022.

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More Definitions for premium

premium

noun
pre·​mi·​um | \ ˈprē-mē-əm How to pronounce premium (audio) \

Kids Definition of premium

1 : a reward for a special act
2 : an amount above the regular or stated price There is a premium for overnight delivery.
3 : the amount paid for a contract of insurance health insurance premiums
4 : a high or extra value He put a premium on accuracy.

premium

noun
pre·​mi·​um | \ ˈprē-mē-əm How to pronounce premium (audio) \

Legal Definition of premium

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

Nglish: Translation of premium for Spanish Speakers

Britannica English: Translation of premium for Arabic Speakers

Britannica.com: Encyclopedia article about premium

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