premium
2 ENTRIES FOUND:
plural
premiums
plural
premiums
Britannica Dictionary definition of PREMIUM
1
[count]
:
the price of insurance
:
the amount paid for insurance
-
Health insurance premiums went up again this year.
-
The monthly premium for your health insurance is deducted from your paycheck.
2
[singular]
:
a price that is higher than the regular price
—
see also at a premium (below)
-
There is a premium [=higher price] for hotel rooms that have views of the beach.
-
Many customers are willing to pay a premium for organic vegetables.
-
Land in the county is selling at a premium. [=for a high price]
3
[singular]
:
a high or extra value
-
Publishers put/place a premium on accuracy. [=publishers value accuracy very highly]
at a premium
:
difficult to get because there is little available
-
We bought bunk beds because space in the apartment is at a premium.
-
Overnight delivery is available when time is at a premium. [=when something needs to happen or be done very soon]
2
premium
/ˈpriːmijəm/
adjective
2
premium
/ˈpriːmijəm/
adjective
Britannica Dictionary definition of PREMIUM
always used before a noun
1
:
high or higher than normal
-
Customers are willing to pay premium [=high] prices for products that are reliable.
-
The hotel charges premium [=higher] rates during the summer.
2
:
of high or higher than normal quality
-
premium cigars/gasoline
QUIZZES
© 2026 Encyclopædia Britannica, Inc.