Dictionary

1. (

• premium ,
• insurance_premium

) payment for insurance ;

2. (

• premium

) the amount that something in scarce supply is valued above its nominal value; "they paid a premium for access to water" ;

3. (

• agio ,
• agiotage ,
• premium ,
• exchange_premium

) a fee charged for exchanging currencies ;

4. (

• premium ,

) a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.; "they encouraged customers with a premium for loyal patronage" ;

5. (

• bounty ,
• premium ,

) payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military ;

1. (

• premium

) having or reflecting superior quality or value; "premium gasoline at a premium price" ;