premium

1. having or reflecting superior quality or value

- premium gasoline at a premium price

Similar word(s): superior

1. payment for insurance

Definition categories: possession, payment

2. the amount that something in scarce supply is valued above its nominal value

- they paid a premium for access to water

Definition categories: possession, value

3. a fee charged for exchanging currencies

Similar word(s): agio, agiotage

Definition categories: possession, charge

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

Similar word(s): bounty

Definition categories: possession, reward

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