1 an amount of money that you pay once or regularly for an insurance policy:
a monthly premium of ｣6.25
2 an extra payment added to the basic rate:
You have to pay a high premium for express delivery. * A premium of 10% is paid out after 20 years. * He was willing to pay a premium for a house near the sea.
IDIOMS
at a premium
1 if sth is at a premium, there is little of it available and it is difficult to get:
Space is at a premium in a one-bedroomed apartment.
2 at a higher than normal price:
Shares are selling at a premium.
put / place / set a premium on sb/sth to think that sb/sth is particularly important or valuable:
The company places a high premium on initiative.
adjective [onlybeforenoun] very high (and higher than usual); of high quality:
premium prices / products
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About this entry
This is a English–English dictionary entry.
Sourced from Main Dictionary in Lughet's collection.
This word also appears under other sources in Lughet's collection — see the list below.
This entry for premium is sourced from Main Dictionary, one of the dictionaries and corpora merged into Lughet.
Is premium a noun, verb, or something else?
In this entry, premium is tagged as noun.
Does premium appear elsewhere on Lughet?
Yes — premium appears under other sources or language pairs in Lughet's collection. See the list below.
What is Lughet?
Lughet is a free trilingual dictionary covering nearly five million entries across Uyghur, Chinese, and English, drawn from more than ten source dictionaries and corpora.
