premium

See also: prémium

English

Alternative forms

Etymology

From Latin praemium (“prize”).

Pronunciation

Adjective

premium (not comparable)

  1. Superior in quality; higher in price or value.
  2. (automotive) near-luxury, high-end; Pertaining to the market segment between mid-market and luxury market.

Coordinate terms

(automotive):

Translations
Translations

Noun

premium (plural premiums or premia)

  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. (insurance) The amount to be paid for an insurance policy.
  5. An unusually high value.
  6. (finance) The amount by which a security's value exceeds its face value.
Translations

Usage notes
  • Premia is much less common than premiums, accounting for less than 1% of total usage in US (COCA) and in UK (BNC).

Antonyms

Derived terms
Terms derived from the adjective or noun "premium"
  • premium bond
  • premium outlet

Further reading

French

Noun

premium m (plural premiums)

  1. premium

Spanish

Adjective

premium (invariable)

  1. premium
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