Defenition of the word premium

• Defenition of the word premium

  • Amount to be paid for a contract of insurance or life assurance.
  • a fee charged for exchanging currencies
  • payment or reward (esp from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
  • having or reflecting superior quality or value; "premium gasoline at a premium price"
  • payment for insurance
  • payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
  • a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
  • the amount that something in scarce supply is valued above its nominal value
  • having or reflecting superior quality or value

Synonyms for the word premium

• • agio
  • agiotage
  • bounty
  • exchange premium
  • insurance premium

Similar words in the premium

• • superior

Hypernyms for the word premium

• • award
  • bonus
  • charge
  • economic value
  • incentive
  • payment
  • prize
  • reward
  • value

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