premium

/pɹˈimiəm/ · 3 syllables

Meaning

adjective

1. having or reflecting superior quality or value
   “premium gasoline at a premium price”

noun

1. payment for insurance
2. the amount that something in scarce supply is valued above its nominal value
   “they paid a premium for access to water”
3. a fee charged for exchanging currencies
4. 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. payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military

Synonyms for premium

• superior
• insurance premium
• agio
• agiotage
• exchange premium
• bounty

Words that rhyme with premium

• superpremium