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

accolade, award, blue ribbon, decoration, distinction, honor, kudo, plume, prize

Synonyms: Adjective

big-ticket, costly, dear, expensive, extravagant, high, high-end, high-ticket, precious, priceless, pricey (also pricy), spendy [chiefly Northwest], ultraexpensive, valuable

Antonyms: Adjective

cheap, inexpensive

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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
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Recent Examples on the Web: Noun

Park also took a page out of Tim Cook's services playbook with the new Fitbit premium service that will offer health and fitness analysis for $10 a month to users of any Fitbit device. Aaron Pressman, Fortune, "How Fitbit Could Stage a Comeback With Its New Watch and Premium Service—Data Sheet," 29 Aug. 2019 In smaller houses, where space is at a premium, homebuyers might also see smaller appliances that are just as attractive and functional as their larger brethren. Lew Sichelman | Andrews Mcmeel Syndication, courant.com, "Housing Scene: Design trends include lighting up kitchens and baths," 23 Aug. 2019 Likewise, saving your account by buying more miles at a hefty premium is usually a bad deal. Eric Rosen, Condé Nast Traveler, "12 Easy (and Cheap) Ways To Keep Your Miles and Points From Expiring," 14 Aug. 2019 Despite the milestone, strikeouts have been at a premium for the 31-year-old right-hander this season. Kevin Henry, The Denver Post, "Rockies’ Bud Black turns to rotation in center field with David Dahl on IL," 9 Aug. 2019 That is really important to me, as the space in the magazine now is at a premium, just like space everywhere else. Tyler Joe, House Beautiful, "Multifunctional Homes, and the Multitasking Designers Who Create Them," 5 Aug. 2019 The Worldwide Leader has added much more than soccer to its premium service over the last 12 months, too, willing to spend for competitions as diverse as PGA Championship golf, UFC pay-per-views, and Big 12 basketball. Jacob Feldman, SI.com, "As the Digital Rights Battle Continues, Has a Sports Streaming Leader Emerged?," 2 Aug. 2019 Important to note due to the event’s popularity, no dogs or strollers will be allowed, as space is at a premium. Amy Drew Thompson, orlandosentinel.com, "Indoor Farmers Market returns to downtown Orlando this Sunday," 24 July 2019 Mobile Passport generates revenue through its premium service. Natalie B. Compton, chicagotribune.com, "Pssst. Mobile Passport is the best-kept secret in air travel.," 19 July 2019

Recent Examples on the Web: Adjective

And that those points, in turn, are subsidized by people who can't afford premium rewards cards? Christopher Elliott, USA TODAY, "How to fly free anywhere you want: When getting bumped isn't necessarily a bad thing," 6 Sep. 2019 As part of the upgraded parking access, commuters have an opportunity to buy premium parking spots close to the train station. Maia Anderson, chicagotribune.com, "Barrington adding premium commuter parking to Metra station lot at yearly $1,200 cost," 5 Sep. 2019 Since launching his brand fifteen years ago, David Tlale has showcased his designs during premium fashion week events. Ashley Rushford, Essence, "ESSENCE Best In Black Fashion Awards: Meet These International Designers On The Rise," 4 Sep. 2019 Admission is free, but people who pay $10 can get premium ringside seating. Susan Dunne, courant.com, "What’s happening at this year’s Big E? These 10 things might just surprise you," 3 Sep. 2019 Previously, beer and wine was available for purchase only in premium seating areas such as club lounges or suites. Creg Stephenson | Cstephenson@al.com, al, "Ole Miss will begin selling beer at athletic events, including football & basketball, in late October," 30 Aug. 2019 But the companies have had time to build up to those significant rounds—both were founded in 2011—and investors justified their large buy-ins on the basis that the batteries will command premium pricing in a world of premium electric cars. Akshat Rathi, Quartz, "SoftBank’s first bet in energy storage is a startup that stacks concrete blocks," 14 Aug. 2019 And, note, those are entry level prices for an aluminum watch; a premium stainless-steel model will cost you more, putting the Active2 more in line with Apple Watch pricing. Wired, "Samsung's Galaxy Watch Active2 Is Its Latest Swipe at Apple," 5 Aug. 2019 Just days ago, premium alkaline water brand Flow Alkaline Spring Water, founded by CEO Nicholas Reichenbach, announced a sustainability campaign with Shawn Mendes. Chris Gardner, The Hollywood Reporter, "Scooter Braun, Justin Bieber, Kevin Hart and Kendall Jenner All Have Invested in This Hydration Brand (Exclusive)," 23 July 2019

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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Statistics for premium

Last Updated

2 Sep 2019

Look-up Popularity

Time Traveler for premium

The first known use of premium was in 1601

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More Definitions for premium

premium

noun

English Language Learners Definition of premium

 (Entry 1 of 2)

: the price of insurance : the amount paid for insurance
: a price that is higher than the regular price
: a high or extra value

premium

adjective

English Language Learners Definition of premium (Entry 2 of 2)

: high or higher than normal
: of high or higher than normal quality

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

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Comments on premium

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