premium

noun pre·mi·um \ ˈprē-mē-əm \

|Updated on: 9 Jul 2018

Examples: premium in a Sentence

Definition of premium

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

See premium defined for English-language learners

See premium defined for kids

Examples of premium in a Sentence

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.

Recent Examples of premium from the Web

Terms of the agreement, which could still fall through, couldn’t be learned, but Dell plans to acquire the DVMT shares at a premium and DVMT shareholders are also expected to receive several billion dollars in cash as part of the deal.

— dana mattioli, WSJ, "Dell Nears Deal That Would Make It a Public Company Again," 1 July 2018
Pistons fit: Shooting is at a premium, so the career 40 percent 3-point shooter might be out of their price range.

— vince ellis, Detroit Free Press, "Detroit Pistons and NBA free agency: 10 small forwards to watch," 28 June 2018
So this summer, with cap space for most teams at a premium, the biggest moves might have to come through trades.

— tim reynolds, chicagotribune.com, "So many dominoes: LeBron James can dictate NBA free agency," 27 June 2018
Across the region, Beijing’s government is lending out billions of dollars, being repaid at a premium to hire Chinese companies and thousands of Chinese workers, according to officials across the region.

— maria abi-habib, New York Times, "How China Got Sri Lanka to Cough Up a Port," 25 June 2018
Most people rely on electronic bank transfers or mobile money to pay their bills, usually at a hefty premium.

— The Economist, "Zimbabwe’s new president may not be able to fix the economy," 19 May 2018
With space at a premium, the abbey stopped conducting burials in the early part of the last century.

— new york times, BostonGlobe.com, "Hawking laid to rest in Westminster Abbey," 15 June 2018
With space at a premium, the abbey stopped conducting burials in the early part of the last century, though this was not a completely smooth process.

— stephen castle, New York Times, "Stephen Hawking Enters ‘Britain’s Valhalla,’ Where Space Is Tight," 15 June 2018
Many banks its size have chosen to be acquired by larger competitors in recent years, sometimes at the urging of investors who hope to cash out their shares at a premium to recent trading prices.

— joseph n. distefano, Philly.com, "Two top execs out at DNB First, Chester County's biggest bank," 11 June 2018

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.