premium
/ˈpɹiː.miː.əm/ adjective, noun
Forms premiums premia praemium præmium
- adjective Superior in quality; higher in price or value.
- adjective (automotive) High-end; belonging to the market segment between mid-market and luxury.
- noun A prize or award.
- noun Something offered at a reduced price as an inducement to buy something else.
- noun A bonus paid in addition to normal payments.
- noun (insurance) The amount to be paid for an insurance policy.
- noun An unusually high value.
- noun (finance) The amount by which a security's value exceeds its face value.
Synonyms
Antonyms
Etymology
From Latin praemium (“prize”).
Webster’s 1913
- noun A reward or recompense; a prize to be won by being before another, or others, in a competition; reward or prize to be adjudged; a bounty; as, a premium for good behavior or scholarship, for discoveries, etc. To think it not the necessity, but the premium and privilege of life, to eat and sleep without any regard to glory. Burke.
- noun Something offered or given for the loan of money; bonus; --sometimes synonymous with interest, but generally signifying a sum in addition to the capital.
Etymology [L. praemium, originally, what one has got before or better than others; prae before + emere to take, buy. See Redeem.]
Sources: Wiktionary · WordNet 3.0 · Webster’s 1913 — from the Wiktionary entry “premium”, CC BY-SA 4.0. Details