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
From this subtract a bit for a risk premium that holders of conventional bonds pocket as their reward for bearing uncertainty about future inflation. William Baldwin, Forbes, 17 Feb. 2024 The bond company will require Mr. Trump to pledge collateral and pay a premium. Alex Lemonides, New York Times, 17 Feb. 2024 Allstate didn’t fare much better, paying out 90% of its premiums just to cover claims — and multiple major divisions of Geico lost money outright on claims. Sam Dean, Los Angeles Times, 16 Feb. 2024 Since then, consumer preferences have evolved, and with thousands of additional premium Amex cardholders, more travelers have access. Chris Dong, Travel + Leisure, 14 Feb. 2024 The House also didn’t include DeSantis’ idea to cut the 1.75% premium tax and other charges and assessments on homeowners and flood insurance premiums. Lawrence Mower, Miami Herald, 13 Feb. 2024 What kinds of food got more expensive Fresh vegetables are starting to come at a premium. Elisabeth Buchwald, CNN, 13 Feb. 2024 The shrimp come at a premium and can be added to any plate or bowl for an extra $1.50, the restaurant said. Tanasia Kenney, Sacramento Bee, 12 Feb. 2024 Across the board, premium wine sales are down according to Silicon Valley Bank’s 2024 State of the US Wine Industry report and the high-end spirit industry is also suffering. Chloe Berger, Fortune, 3 Feb. 2024
Adjective
The Classic Pie Dish is made from premium ceramic stoneware that beautifully and evenly distributes heat throughout the cooking process. Stephanie Osmanski, Better Homes & Gardens, 17 Feb. 2024 Guyton played right tackle for the Sooners, but has the prototypical size and premium athletic traits to switch to the left side in the pros. Eddie Brown, San Diego Union-Tribune, 17 Feb. 2024 The premium version of Coffee Meets Bagel, meanwhile, costs users between $20 and $34.99 per month. Sunny Nagpaul, Fortune, 16 Feb. 2024 Make sure to buy premium Red Malay Kratom, one of the members of the Red vein kratom strains, from a reputable source such as Super Speciosa for optimal results. Sponsored Content, The Mercury News, 16 Feb. 2024 Crafted with premium materials like waterproof Timberland Leather and CORDURA® fabric, these shoes offer exceptional comfort, and over 180 degrees of sole grips for greater traction, mobility, and durability for challenging hikes. Cassell Ferere, Forbes, 16 Feb. 2024 Giant, artificial lagoons allow developers to pitch lots at premium prices. Cecilie Rohwedder, WSJ, 16 Feb. 2024 Brooklinen is offering 20 percent off its best-selling bath towels, which are crafted from premium Turkish cotton. Kayla Kitts, Peoplemag, 15 Feb. 2024 Abeles and Woods described it as a premium active lifestyle brand. Doug Ferguson, Quartz, 13 Feb. 2024 See More

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 22 Feb. 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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