Definitions For Premium

noun

• Payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
• A prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
• Payment for insurance
• A fee charged for exchanging currencies
• The amount that something in scarce supply is valued above its nominal value
• The price of insurance : the amount paid for insurance
• A price that is higher than the regular price
• A high or extra value

adjective

• Having or reflecting superior quality or value