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Definition of premium noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

The meaning of PREMIUM is a reward or recompense for a particular act. How to use premium in a sentence.

PREMIUM definition: 1. an amount that is more than usual: 2. an amount of money paid to get insurance: 3. the highest…. Learn more.

Define premium. premium synonyms, premium pronunciation, premium translation, English dictionary definition of premium. n. 1. An amount paid or required, often as an installment payment, for an …

pre•mi•um /ˈprimiəm/ n. [countable] a prize or bonus given, for example, when purchasing a product, as a way of increasing sales: The premium was a little gadget to hold your toothbrush. a bonus, gift, or …

Risk premium, monetary difference between the guaranteed and possible returns on an investment Insurance premium, money charged for coverage in an insurance policy

“Premium” is a versatile term that can carry different meanings depending on the context. In general, it refers to high-quality, exclusive, extra-benefit, or paid-for privileged products or services.

place/put a premium on sth to consider a quality or achievement as very important:

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