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Adjective
Relating to or denoting a commodity of superior quality and therefore a higher price
“While sales of whisky, stout and gin are in decline, drinks companies have seen volumes of premium lagers and hybrid drinks soar.”
Noun
Something given as a reward, prize, or incentive
“A premium has been awarded in cases where the Court felt that meritorious litigation should be prosecuted but was out of reach of clients of modest means.”
Noun
An amount to be paid for a contract of insurance
“The small fee was called an insurance premium and an entire industry was born.”
Noun
A sum added to an ordinary price or charge
“Customers are not willing to pay a premium.”
More Premium Synonyms
For more words similar to premium, see synonyms for:
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