premium


Also found in: Thesaurus, Medical, Legal, Financial, Idioms, Encyclopedia, Wikipedia.

pre·mi·um

 (prē′mē-əm)
n.
1. An amount paid or required, often as an installment payment, for an insurance policy.
2.
a. An amount paid to obtain a loan.
b. An interest payment, usually on a regular basis, on a loan.
3. A sum of money or bonus paid in addition to a regular price, salary, or other amount: Many people are willing to pay a premium to live near the ocean.
4.
a. The amount at which something, such as a security or a currency, is valued above its initial or nominal price.
b. The amount at which a securities option is bought or sold.
5.
a. Something offered free or at a reduced price as an inducement to buy something else: offered the backpack as a premium for students opening new bank accounts.
b. A prize or award.
6. An unusual or high value: Employers put a premium on honesty and hard work.
7. Archaic Payment for training in a trade or profession.
adj.
Of superior quality or value: premium gasoline.
Idiom:
at a premium
More valuable than usual, as from scarcity: Fresh water was at a premium after the reservoir was contaminated.

[Latin praemium, inducement, reward : prae-, pre- + emere, to take, buy; see em- in Indo-European roots.]

premium

(ˈpriːmɪəm)
n
1. (Commerce) an amount paid in addition to a standard rate, price, wage, etc; bonus
2. (Insurance) the amount paid or payable, usually in regular instalments, for an insurance policy
3. (Commerce) the amount above nominal or par value at which something sells
4. (Commerce)
a. an offer of something free or at a specially reduced price as an inducement to buy a commodity or service
b. (as modifier): a premium offer.
5. a prize given to the winner of a competition; award
6. (Banking & Finance) US an amount sometimes charged for a loan of money in addition to the interest
7. great value or regard: to put a premium on someone's services.
8. (Commerce) a fee, now rarely required, for instruction or apprenticeship in a profession or trade
9. at a premium
a. in great demand or of high value, usually because of scarcity
b. above par
[C17: from Latin praemium prize, booty, reward]

pre•mi•um

(ˈpri mi əm)

n.
1. a prize or bonus given as an inducement, as to purchase products.
2. a bonus, gift, or sum additional to price, wages, interest, or the like.
3. the amount usu. paid in installments by a policyholder for coverage under a contract.
4. a sum above the nominal or par value of a thing.
5. great value or esteem: She puts a premium on loyalty.
adj.
6. of exceptional quality or greater value than others of its kind; superior.
7. of higher price or cost.
Idioms:
at a premium,
a. at an unusually high price.
b. in short supply; in demand.
[1595–1605; < Latin praemium profit, reward]
syn: See bonus.

premium

- First meant "prize, reward."
See also related terms for prize.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.premium - payment for insurance
payment - a sum of money paid or a claim discharged
2.premium - the amount that something in scarce supply is valued above its nominal value; "they paid a premium for access to water"
economic value, value - the amount (of money or goods or services) that is considered to be a fair equivalent for something else; "he tried to estimate the value of the produce at normal prices"
3.premium - a fee charged for exchanging currenciespremium - a fee charged for exchanging currencies
charge - the price charged for some article or service; "the admission charge"
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"
prize, award - something given for victory or superiority in a contest or competition or for winning a lottery; "the prize was a free trip to Europe"
bonus, incentive - an additional payment (or other remuneration) to employees as a means of increasing output
5.premium - payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the militarypremium - payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
governing, government activity, government, governance, administration - the act of governing; exercising authority; "regulations for the governing of state prisons"; "he had considerable experience of government"
reward - payment made in return for a service rendered
Adj.1.premium - having or reflecting superior quality or value; "premium gasoline at a premium price"
superior - of high or superior quality or performance; "superior wisdom derived from experience"; "superior math students"

premium

noun
1. fee, charge, payment, instalment an increase in insurance premiums
2. surcharge, extra charge, additional fee or charge Customers are not willing to pay a premium.
3. bonus, reward, prize, percentage (informal), perk (Brit. informal), boon, bounty, remuneration, recompense, perquisite Shareholders did not receive a premium on the price of their shares.
at a premium in great demand, valuable, expensive, rare, costly, scarce, in short supply, hard to come by, like gold dust, beyond your means, not to be had for love or money Tickets to the game are at a premium.
put or place a (high) premium on something hold in high regard, value, appreciate, set great store by, put a high value on I place a high premium on what someone is like as a person.

premium

noun
Something given in return for a service or accomplishment:
Idiom: token of appreciation.
Translations

premium

[ˈpriːmɪəm]
A. N
1. (Insurance) → prima f
2. (= surcharge) → recargo m
people will pay a premium for quality (fig) → la gente está dispuesta a pagar más para adquirir calidad
3. (= bonus) → prima f
4. (US) (= gasoline) → súper f
5. (in phrases)
to be at a premium (Comm) → estar por encima de la par; (= be scarce) → estar muy solicitado
space is at a premium in our houseen casa no nos sobra espacio
to sell sth at a premiumvender algo con prima
to put or place a premium on sth (= value) → valorar mucho algo; (= make valuable) → hacer que suba el valor de algo; (= make important) → hacer que se dé más importancia a algo
I put a high premium on privacyvaloro mucho la intimidad
population pressure put land at a premiumla presión demográfica hizo que subiera el valor de la tierra
the risk of disease puts a premium on hygieneel riesgo de enfermedad hace que se dé más importancia a la higiene
B. ADJ
1. (= top quality) [brand, product] → de calidad superior, de primera calidad
premium gasoline (US) → (gasolina f) súper f
2. (= higher than normal)
premium priceprecio m con prima, precio m más elevado
premium ratetarifa f de primas
C. CPD premium bond N (Brit) bono del estado que permite participar en una lotería nacional

premium

[ˈpriːmiəm]
n
(for insurance policy)prime f
(= additional charge) → supplément f
to sell at a premium [+ shares] → vendre au-dessus du pair
(= bonus) → prime f
to be at a premium (fig) [housing, produce] → être particulièrement cher/ère; [space] → être précieux
to place a high premium on sth → faire grand cas de qch
to put a high premium on sth → faire grand cas de qch
adj
(= top quality) [products, goods] → de première qualité
premium quality → de première qualité
(= very high) to pay premium rates → payer le tarif fort
to pay premium prices → payer le prix fortpremium bond n (British) obligation (de l'Etat britannique) dont la répartition des dividendes est tirée au sortpremium deal noffre spécialepremium fuel (British) premium gasoline (US) nsuper m

premium

n (= bonus, additional sum)Bonus m, → Prämie f; (= surcharge)Zuschlag m; (= insurance premium)Prämie f; (St Ex) → Aufgeld nt, → Agio nt; premium bond (Brit) → Los- or Lotterieanleihe f; to sell something at a premiumetw über seinem Wert verkaufen; to be at a premium (St Ex) → über pari stehen; (fig)hoch im Kurs stehen; to place or put a (high) premium on something (fig)etw hoch einschätzen or bewerten
adj
(= top-quality) goods, branderstklassig; premium petrol (Brit) or gas (US) → Super nt, → Superbenzin nt
(= inflated) premium priceHöchstpreis m; callers are charged a premium rate of 48p a minuteAnrufern wird der Höchsttarif von 48 Pence pro Minute berechnet

premium

[ˈpriːmɪəm] n (gen) → premio; (additional charge) → maggiorazione f
to sell at a premium (shares) → vendere sopra la pari
to be at a premium (fig) → essere ricercatissimo/a
References in classic literature ?
Whether he thought the owners of the ship denied it to him, on account of its clotting his clear, sunny complexion; or whether he deemed that, on so long a voyage in such marketless waters, butter was at a premium, and therefore was not for him, a subaltern; however it was, Flask, alas
Life was rather dull and dreary, however, and in the chill and gloom of November weather, with the vision of other people's turkeys bursting with fat, and other people's golden pumpkins and squashes and corn being garnered into barns, the young Simpsons groped about for some inexpensive form of excitement, and settled upon the selling of soap for a premium.
That is offering a premium on incapacity: I shall now endeavour to fail.
And the premium, sir,' I returned, 'is a thousand pounds?
Pumblechook was in favour of a handsome premium for binding me apprentice to some genteel trade - say, the corn and seed trade, for instance.
The Shipping and Mercantile Gazette, the Lloyd's List, the Packet-Boat, and the Maritime and Colonial Review, all papers devoted to insurance companies which threatened to raise their rates of premium, were unanimous on this point.
Bonds were issued, and made their appearance on 'Change; "Phileas Fogg bonds" were offered at par or at a premium, and a great business was done in them.
Strength is the outcome of need; security sets a premium on feebleness.
There is a class of optimists ready to reinsure an "overdue" ship at a heavy premium.
Take only twelve," said D'Artagnan, "and call the rest premium and brokerage.
In its original form, this law offered a premium for cat-heads (fourpence a-piece), but the Senate succeeded in amending the main clause, so as to substitute the word "tails" for "heads.
He added that Rogojin was drunk, of course; but that he thought the money would be forthcoming, for the excited and intoxicated rapture of the fellow impelled him to give any interest or premium that was asked of him, and there were several others engaged in beating up the money, also.