premium
1 of 2noun
pre·mi·um ˈprē-mē-əm 
1
a
: 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
2 of 2adjective
: of exceptional quality or amount
also : higher-priced
Synonyms
Noun
- accolade
- award
- blue ribbon
- decoration
- distinction
- honor
- kudo
- plume
- prize
Adjective
- big-ticket
- costly
- dear
- expensive
- extravagant
- high
- high-end
- high-ticket
- precious
- priceless
- pricey
- pricy
- spendy [chiefly Northwest]
- ultraexpensive
- valuable
See all Synonyms & Antonyms 
Example Sentences
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
Recent Examples on the Web
Jason Zweig, WSJ, 9 Sep. 2022 Emmy nods largely favored shows from big-spending streaming services like Netflix, among the drivers of TV's explosive growth, alongside relatively old-guard premium cable channels including HBO and Showtime. Lynn Elber, ajc, 9 Sep. 2022 Operation was the key word used by Harsin, who put a premium on that trait — getting a call in from the sideline, communicating it to the offense and executing the play — over flashy playmaking. Tom Green | Tgreen@al.com, al, 29 Aug. 2022 Plus, because micro tattoos require so much precision, there's a premium. Megan Decker, refinery29.com, 24 Aug. 2022 The main downside here is that there could then be a premium with people reselling. Jonathan Kleeman, Rolling Stone, 23 Aug. 2022 Sales will start by the end of the year, with a $264,671 base price representing a relatively modest premium over the existing Urus, which starts at $229,495. Mike Duff, Car and Driver, 19 Aug. 2022 For now, more than ever there is a premium on the effective apology, whether made for personal or professional reasons. Michael Peregrine, Forbes, 18 Aug. 2022 The winning bid included the buyer's premium — 20 percent of a successful bid. Ryan Parker, Peoplemag, 28 Aug. 2022 Lucas Shaw, Fortune, 13 Sep. 2022 Joyn has a free basic service, financed by advertising, as well as a premium subscription service. Leo Barraclough, Variety, 13 Sep. 2022 Peacock will stream live for those with a premium subscription. Mike Rose, cleveland, 12 Sep. 2022 The Emmys will air on NBC and stream on the network’s streaming service, Peacock, for premium subscribers. WSJ, 12 Sep. 2022 South Shore Terrace is operated by Milwaukee County Parks and serves exclusively Miller products, with a beer menu that includes domestic, standard and premium drafts, and packaged seltzers and ciders. Elaine Rewolinski, Journal Sentinel, 12 Sep. 2022 For more on the type of King Charles will be, check out the latest issue of PEOPLE Royals and subscribe to our premium magazine all about royal families across the globe. Richard Jerome, Peoplemag, 9 Sep. 2022 Of the 21 nominees in the best drama, comedy and limited series categories, 11 are on streaming services and seven are on premium cable. Lynn Elber, ajc, 9 Sep. 2022 No matter what style or color palette residents choose, there will be premium fixtures and finishes, as well as custom European-style cabinetry, high-quality materials, and other elevated design fixtures for a discerning style. Emma Reynolds, Robb Report, 9 Sep. 2022 See More
Noun
That yield, which incorporates the premium or discount of the price to par, is somewhat deceptive if there is a taxable gain embedded in it. Jason Zweig, WSJ, 9 Sep. 2022 Emmy nods largely favored shows from big-spending streaming services like Netflix, among the drivers of TV's explosive growth, alongside relatively old-guard premium cable channels including HBO and Showtime. Lynn Elber, ajc, 9 Sep. 2022 Operation was the key word used by Harsin, who put a premium on that trait — getting a call in from the sideline, communicating it to the offense and executing the play — over flashy playmaking. Tom Green | Tgreen@al.com, al, 29 Aug. 2022 Plus, because micro tattoos require so much precision, there's a premium. Megan Decker, refinery29.com, 24 Aug. 2022 The main downside here is that there could then be a premium with people reselling. Jonathan Kleeman, Rolling Stone, 23 Aug. 2022 Sales will start by the end of the year, with a $264,671 base price representing a relatively modest premium over the existing Urus, which starts at $229,495. Mike Duff, Car and Driver, 19 Aug. 2022 For now, more than ever there is a premium on the effective apology, whether made for personal or professional reasons. Michael Peregrine, Forbes, 18 Aug. 2022 The winning bid included the buyer's premium — 20 percent of a successful bid. Ryan Parker, Peoplemag, 28 Aug. 2022 Adjective
Though the Emmys air most prominently on broadcast TV, the show has of late turned into a coronation of the best shows on premium cable networks and streaming services. Lucas Shaw, Fortune, 13 Sep. 2022 Joyn has a free basic service, financed by advertising, as well as a premium subscription service. Leo Barraclough, Variety, 13 Sep. 2022 Peacock will stream live for those with a premium subscription. Mike Rose, cleveland, 12 Sep. 2022 The Emmys will air on NBC and stream on the network’s streaming service, Peacock, for premium subscribers. WSJ, 12 Sep. 2022 South Shore Terrace is operated by Milwaukee County Parks and serves exclusively Miller products, with a beer menu that includes domestic, standard and premium drafts, and packaged seltzers and ciders. Elaine Rewolinski, Journal Sentinel, 12 Sep. 2022 For more on the type of King Charles will be, check out the latest issue of PEOPLE Royals and subscribe to our premium magazine all about royal families across the globe. Richard Jerome, Peoplemag, 9 Sep. 2022 Of the 21 nominees in the best drama, comedy and limited series categories, 11 are on streaming services and seven are on premium cable. Lynn Elber, ajc, 9 Sep. 2022 No matter what style or color palette residents choose, there will be premium fixtures and finishes, as well as custom European-style cabinetry, high-quality materials, and other elevated design fixtures for a discerning style. Emma Reynolds, Robb Report, 9 Sep. 2022 See More Word History
Etymology
Noun
Latin praemium booty, profit, reward, from prae- + emere to take, buy — more at redeem
First Known Use
Noun
1601, in the meaning defined at sense 1a
Adjective
1844, in the meaning defined above
Phrases Containing premium
Kids Definition
premium
noun
pre·mi·um ˈprē-mē-əm
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.
Legal Definition
premium
noun
pre·mi·um ˈprē-mē-əm
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
premiums
noun
as in awards
something given in recognition of achievement encouraging Girl Scouts to sell more cookies by offering premiums Synonyms & Similar Words
Relevance
- awards
- prizes
- accolades
- honors
- decorations
- medals
- distinctions
- blue ribbons
- trophies
- plumes
- kudos
- tributes
- plates
- badges
- ribbons
- crowns
- plaques
- cups
- commendations
- orders
- eulogies
- plaudits
- citations
- applauses
- compliments
- panegyrics
- encomiums
- homages
- hallelujahs
- honorable mentions
- laurels
- paeans
- bravoes
- bravos
- encomia