adjective
premium
PREE-mee-uhm
adjective
1
Of higher quality, price, or status than the standard version.
"The airline offers a premium cabin with extra legroom."
"They only stock premium coffee beans."
noun
1
The amount paid regularly for an insurance policy.
"Her car insurance premium went up after the accident."
2
An amount added on top of the usual price, reflecting extra value.
"Buyers are paying a premium for houses near the new train line."
How to Use Premium
Learner’s notesIn plain EnglishSomething extra-good or extra-expensive, or the regular payment you make for insurance.
Common pairings
insurance premium
premium quality
at a premium
pay a premium
Word Forms
premiums plural, premia plural
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The airline offers a _____ cabin with extra legroom.
Etymology
From Latin praemium ("prize, reward").