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Meaning ofpremiumin English

premium

us//ˈpriːmiəm//uk//ˈpriːmium//

Pluralpremiums

Definitions

Adjective
1. high-quality; costly
2. high-end automotive market segment
  The luxury car brand dominated the premium segment.
Noun
1. insurance payment amount
2. an extra payment (bonus)
  The company offered a premium to employees who met their sales targets.
3. an award or prize
  The insurance policy came with a premium for comprehensive coverage.
4. excess security value above face value
  The bond had a premium of $500 above its face value.
5. a reduced-price incentive
  The store offered a premium discount to loyal customers.
6. high value or worth; exceptional quality
  The premium quality of the product justified its high price.

Compounds / Phrases