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premium

Pronunciation: /ˈpɹiː.miː.əm/

The English word “premium” has 8 meanings listed here.

adjective

  1. Superior in quality; higher in price or value.
  2. High-end; belonging to the market segment between mid-market and luxury.

noun

  1. A prize or award.
  2. Something offered at a reduced price as an inducement to buy something else.
  3. A bonus paid in addition to normal payments.
  4. The amount to be paid for an insurance policy.
  5. An unusually high value.
  6. The amount by which a security's value exceeds its face value.

Etymology

From Latin praemium (“prize”).

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Definitions are from Wiktionary, extracted by Kaikki.org, and are available under the CC BY-SA 4.0 licence.