1 premium | Definition of premium

premium

noun
pre·​mi·​um | \ ˈprÄ“-mÄ“-É™m How to pronounce premium (audio) \

Definition of premium

 (Entry 1 of 2)

1a : a reward or recompense for a particular act
b : a sum over and above a regular price paid chiefly as an inducement or incentive
c : a sum in advance of or in addition to the nominal value of something bonds callable at a premium of six percent
d : something given free or at a reduced price with the purchase of a product or service
2 : the consideration paid for a contract of insurance
3 : a high value or a value in excess of that normally or usually expected put a premium on accuracy

premium

adjective

Definition of premium (Entry 2 of 2)

: of exceptional quality or amount also : higher-priced

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Synonyms & Antonyms for premium

Synonyms: Noun

accolade, award, blue ribbon, decoration, distinction, honor, kudo, plume, prize

Synonyms: Adjective

big-ticket, costly, dear, expensive, extravagant, high, high-end, high-ticket, precious, priceless, pricey (also pricy), spendy [chiefly Northwest], ultraexpensive, valuable

Antonyms: Adjective

cheap, inexpensive

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Examples of premium in a Sentence

Noun

Health insurance premiums went up again this year. The monthly premium for your health insurance is deducted from your paycheck. Many customers are willing to pay a premium for organic vegetables.

Adjective

lavish feasts at which premium wines flowed freely
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Recent Examples on the Web: Noun

Park also took a page out of Tim Cook's services playbook with the new Fitbit premium service that will offer health and fitness analysis for $10 a month to users of any Fitbit device. Aaron Pressman, Fortune, "How Fitbit Could Stage a Comeback With Its New Watch and Premium Service—Data Sheet," 29 Aug. 2019 In smaller houses, where space is at a premium, homebuyers might also see smaller appliances that are just as attractive and functional as their larger brethren. Lew Sichelman | Andrews Mcmeel Syndication, courant.com, "Housing Scene: Design trends include lighting up kitchens and baths," 23 Aug. 2019 Likewise, saving your account by buying more miles at a hefty premium is usually a bad deal. Eric Rosen, Condé Nast Traveler, "12 Easy (and Cheap) Ways To Keep Your Miles and Points From Expiring," 14 Aug. 2019 Despite the milestone, strikeouts have been at a premium for the 31-year-old right-hander this season. Kevin Henry, The Denver Post, "Rockies’ Bud Black turns to rotation in center field with David Dahl on IL," 9 Aug. 2019 That is really important to me, as the space in the magazine now is at a premium, just like space everywhere else. Tyler Joe, House Beautiful, "Multifunctional Homes, and the Multitasking Designers Who Create Them," 5 Aug. 2019 The Worldwide Leader has added much more than soccer to its premium service over the last 12 months, too, willing to spend for competitions as diverse as PGA Championship golf, UFC pay-per-views, and Big 12 basketball. Jacob Feldman, SI.com, "As the Digital Rights Battle Continues, Has a Sports Streaming Leader Emerged?," 2 Aug. 2019 Important to note due to the event’s popularity, no dogs or strollers will be allowed, as space is at a premium. Amy Drew Thompson, orlandosentinel.com, "Indoor Farmers Market returns to downtown Orlando this Sunday," 24 July 2019 Mobile Passport generates revenue through its premium service. Natalie B. Compton, chicagotribune.com, "Pssst. Mobile Passport is the best-kept secret in air travel.," 19 July 2019

Recent Examples on the Web: Adjective

The retail price of a the most premium bottle of Scottish Dalmore whiskey, for instance, has fallen $9,400 since Brexit, to $108,500. Los Angeles Times, "As Britain staggers toward Brexit, the pound’s wild ride creates winners and losers," 29 Aug. 2019 Flanking talented defensive tackle DeForest Buckner with premium edge rushers has a domino effect that, among other things, hides an improving but still far-from-flawless secondary, making this a top-10 defense. Andy Benoit, SI.com, "49ers, If Healthy, Could Make a Push for the NFL Postseason," 28 Aug. 2019 The company will not charge premium prices for renewable power, a common practice in the power industry. L.m. Sixel, Houston Chronicle, "Gexa offering totally renewable power plans," 22 Aug. 2019 Moreover, our premium product Gourmet Passport acts a discovery platform for premium restaurants and allows only three redemptions per restaurants in the entire year versus other platforms offering 1+1 every day, 365 days of the year. Ananya Bhattacharya, Quartz India, "Indian restaurants have forced Zomato to change its recipe—and customers are left with a sour taste," 21 Aug. 2019 Both services are cheaper than premium Netflix plans. Troy L. Smith, cleveland.com, "Apple TV launch date and pricing revealed," 20 Aug. 2019 Apple Music isn’t the first streaming service to offer premium audio. Chris Eggertsen, Billboard, "Apple Music Launches Apple Digital Masters, New Initiative Combining Its Hi-Res 'Mastered' Collection," 7 Aug. 2019 The elimination of premium pay was one small concession the Legislature granted to small businesses. BostonGlobe.com, "Should Massachusetts restore the requirement of time-and-a-half pay for retail workers on Sundays and holidays?," 18 July 2019 Rigatoni pomodoro pairs premium heritage grain pasta with lush tomatoes. Dominic Armato, azcentral, "Fellow Osteria in Scottsdale is too interesting to ignore but too inconsistent to embrace," 16 July 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'premium.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of premium

Noun

1601, in the meaning defined at sense 1a

Adjective

1844, in the meaning defined above

History and Etymology for premium

Noun

Latin praemium booty, profit, reward, from prae- + emere to take, buy — more at redeem

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More Definitions for premium

premium

noun

English Language Learners Definition of premium

 (Entry 1 of 2)

: the price of insurance : the amount paid for insurance
: a price that is higher than the regular price
: a high or extra value

premium

adjective

English Language Learners Definition of premium (Entry 2 of 2)

: high or higher than normal
: of high or higher than normal quality