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