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



Definition of premium (Entry 2 of 2)

: of exceptional quality or amount also : higher-priced

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 More than 1,500 city frontline employees — including transportation, public works, parks & recreation and other workers — are also getting an enhanced premium pay of $4.12 per hour over their base pay this year. Wilborn Nobles, ajc, 20 June 2022 The airline will offer economy passengers a chance to buy an upgrade to premium if available. David Lyons, Sun Sentinel, 20 June 2022 Another common misconception is that premium or higher-octane gasoline improves fuel economy. J.j. Mccorvey And Veronica Dagher, WSJ, 20 June 2022 Colorado’s wicked pace helped create numerous premium chances, some of which Vasilevskiy saved with remarkable dexterity. New York Times, 20 June 2022 Gene therapy firms are eagerly waiting to see if Bluebird can get insurers to cover its therapies at premium prices, which would be a true bellwether for investors to feel confident that other firms can command similarly high prices. Globe Staff,, 19 June 2022 The two forms of gambling represent a 31% premium to slot revenue of nearly $559 million in the same eight months. Stephen Singer, Hartford Courant, 18 June 2022 For the past three years, premium lounge and sleepwear label, SLEEPER, has played an integral part in one’s endless shifts between pandemic lockdowns, re-emergence, and revenge travel. Bianca Salonga, Forbes, 18 June 2022 There are a number of touches that make this car high-tech and premium. Christian De Looper, BGR, 17 June 2022 Recent Examples on the Web: Adjective Invercine has produced more than 300 hours of premium television content. John Hopewell, Variety, 20 June 2022 Adam Rapp, and the entire cast and crew, season two is sure to enthrall viewers who enjoy premium content. Rick Porter, The Hollywood Reporter, 9 June 2022 Creating exclusive content or acquiring premium content necessary to bundle streaming content on a platform means enormous investments. Wayne Lonstein, Forbes, 6 June 2022 Drinkworks’ Home Bar Classic machine, which launched in October, sold for $299 while a premium version sold for $349. Kimberly Chin, WSJ, 17 Dec. 2021 The Panthers D/ST has a premium matchup against an offense that has allowed 17 sacks and produced 10 interceptions in the last six games. Eddie Brown, San Diego Union-Tribune, 9 Dec. 2021 This Bentonite Clay Powder developed by New York Biology offers premium healing benefits for oily and acne-prone skin. Grooming Playbook, The Salt Lake Tribune, 9 June 2022 Digging by 9to5Mac has uncovered code references to a next-generation HomePod, just one year after Apple unceremoniously cancelled its premium smart speaker. Gordon Kelly, Forbes, 8 June 2022 One advantage: Dominion will take away Imax and premium large format screens from Top Gun 2. Pamela Mcclintock, The Hollywood Reporter, 8 June 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.

First Known Use of premium


1601, in the meaning defined at sense 1a


1844, in the meaning defined above

History and Etymology for premium


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



premium loan

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Statistics for premium

Last Updated

22 Jun 2022

Cite this Entry

“Premium.” Dictionary, Merriam-Webster, Accessed 28 Jun. 2022.

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More Definitions for premium


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.


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 Encyclopedia article about premium


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