Type and usage of premium from BoostVocab

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premium

/'primiəm/

Synonyms of premium Antonyms of premium Examples of premium Usage of premium Parts of premium Definition that contains premium Words sounding like premium Explanation of premium

noun
payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
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Similar:

bounty

type of:
reward
noun
payment for insurance
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Similar:

insurance premium

type of:
payment
noun
a fee charged for exchanging currencies
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Similar:

agio agiotage exchange premium

type of:
charge
noun
a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
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"they encouraged customers with a premium for loyal patronage"

type of:
bonus incentive prize award
adjective
having or reflecting superior quality or value
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"premium gasoline at a premium price"

Similar:

superior
noun
the amount that something in scarce supply is valued above its nominal value
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"they paid a premium for access to water"

type of:
value economic value

Examples of premium

"they encouraged customers with a premium for loyal patronage"
"premium gasoline at a premium price"
"they paid a premium for access to water"