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The following statistics are based on the British National Corpus, so they are representative for the British English.

Distribution of usage frequency for the most common synonyms of the noun premium:

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Definition of the noun premium

What does premium mean as a name of something?

noun - plural: premiums

  1. payment for insurance
    • lexical domain: Possessions - nouns denoting possession and transfer of possession
    • synonym of premium: insurance premium
    • more generic word: payment = a sum of money paid or a claim discharged
  2. the amount that something in scarce supply is valued above its nominal value
    • example: they paid a premium for access to water
    • lexical domain: Possessions - nouns denoting possession and transfer of possession
    • more generic terms: economic value / value = the amount (of money or goods or services) that is considered to be a fair equivalent for something else
  3. a fee charged for exchanging currencies
  4. a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
    • example: they encouraged customers with a premium for loyal patronage
    • lexical domain: Possessions - nouns denoting possession and transfer of possession
    • more generic words: award / prize = something given for victory or superiority in a contest or competition or for winning a lottery; bonus / incentive = an additional payment (or other remuneration) to employees as a means of increasing output
  5. payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military

Alternative definition of the noun premium


  1. A prize or award.
  2. Something offered at a reduced price as an inducement to buy something else.
  3. A bonus paid in addition to normal payments.
  4. The amount to be paid for an insurance policy.
  5. An unusually high value.
  6. [finance] The amount by which a security's value exceeds its face value.

Specialised definition of the noun premium

Glossary of finance / insurance

a payment made by a policyholder to an insurer

Glossary of finance / investment

the amount at which shares or bonds trade above their stated or face value

  • note: This is the cost to exercise an option.

Definition of the adjective premium

What does premium mean as an attribute of a noun?

adjective - degrees: more premium / most premium

  1. having or reflecting superior quality or value
    • example: premium gasoline at a premium price
    • similar: superior


"Premium" is a 2006 romantic comedy-drama film written and directed by Pete Chatmon.


"Premium" is a video game.

  • developer: Silky's
  • genre: Adventure game
  • publisher: Silky's
  • released on (22 years ago)


  1. "Premium" is a musical album of Fuckin' Maniacs.
    • released on
  2. "Premium" is a musical album of Les Luthiers.


Premium is a record label.


  1. Premium: Premiums are promotional items—toys, collectables, souvenirs and household products—that are linked to a product, and often require box tops, tokens or proofs of purchase to acquire. The consumer generally has to pay at least the shipping and handling costs to receive the premium. Premiums are sometimes referred to as prizes, although historically the word "prize" has been used to denote an item that is packaged with the product and requires no additional payment over the cost of the product.
  2. Premium is a collection category, product category.

Phrases with Premium

Phrases starting with the word Premium:

  1. premium bond
  2. Premium-rate telephone number

Phrases ending with the word Premium:

  1. At a Premium
  2. Bond Premium
  3. Call Premium
  4. Buyer's Premium
  5. exchange premium
  6. insurance premium

Printed dictionaries and other books with definitions for Premium

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Google previewThe Sterling Dictionary Of Economics (1996)

by Dipavali Debroy

The word premium also means the purchase of a company's issued stocks or shares at prices above the average market...

The word premium means the extent to which the market exchange rate for a foreign currency is above the official ...

Google previewIntermediate Financial Management (2014)

by Eugene F. Brigham, Phillip R. Daves

Among traders, an option's market price is also called its “premium.” This is particularly confusing because for all other securities the word premium means the excess of the market price over some base price.

Google previewConcise Encyclopedia of Insurance (2010)

by Lawrence Silver, Robert E Stevens, Kenneth Clow

EARNED PREMIUM Insurance companies often require that premiums be paid in advance for the full policy term. However, the premium is “earned” at an even rate for the term of the policy and that portion that is “unearned” remains in a ...

Google previewThe Domestic Encyclopaedia; Or, A Dictionary of Facts, and Useful Knowledge: (1802)

Comprehending a Concise View of the Latest Discoveries, Inventions, and Improvements, Chiefly Applicable to Rural and Domestic Enconomy; Together with Descriptions of the Most Interesting Objects of Nature and Art; the History of Men and Animals, in a State of Health Or Disease; and Practical Hints Respecting the Arts and Manufactures, Both Familiar and Commercial. Illustrated with Numerous Engravings and Cuts. In Four Volumes. Volume First[-fourth]. by Anthony Florian Madinger Willich

l- Premium per T. Premium per Premium per cent, for. may be added the trades of boatbuilders, cart-grease-makers, corkcutters, varnish, flambeau, and lamp-black-makers, hartshorn and vitriol works, oil, silk, and linen manufacturers, ...

Google previewBouvier's Law Dictionary and Concise Encyclopedia (1914)

by John Bouvier, Francis Rawle

PREMIUM. In Insurance. The consideration for a contract of insurance. A policy of insurance always expresses the consideration called the premium, which is a certain amount or a certain rate upon the value at risk, ...

Google previewThe Insurance Almanac and Encyclopedia (1918)

No permit or extra premium required on old policies. - Policies issued since April 1, 1917, on persons subject to military service contain “war clause” requiring permit and extra premium of 5 per cent. for foreign war service. No extra charge for ...

Google previewMarketing dictionary (2000)

by Wolfgang J. Koschnick

near-pack premium, near-pack, package outsert. outsert A piece of printed material or a premium attached to. rather than inserted into, a package. cf. Packungseinlage ...

Online dictionaries and encyclopedias with entries for Premium

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Photos about Premium

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If you need related images for an article or a report, you can download stock photos:
Small photo of LONDON, UK - FEBRUARY 04, 2018: Grolsch premium lager beer original beermat coaster isolated on white backgroundSmall photo of drop of premium ginseng serumSmall photo of drop of premium ginseng serumSmall photo of drop of premium ginseng serumSmall photo of drop of premium ginseng serumSmall photo of Blank gift card design layout, minimalist design mock up composition, golden premium templateSmall photo of Bangkok, Thailand - December 13, 2017 : Shelf of Ferrero Rocher premium chocolate at market or supermarket in Bangkok, Thailand. Ferrero Rocher is a premium chocolate produced by the Italian chocola More...

Video language resources about Premium

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View more videos about At a Premium, Bond Premium, Call Premium, and Premium Bond.

See also the pronunciation examples of Premium!

Sign language

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Quotes about Premium

Let's face facts, this is visual medium, there's a very high premium put on people who are good-looking. But the minute you rely on that you get yourself in trouble. You certainly don't make a career out of that anymore as an actor. (Alec Baldwin)
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Scrabble value of P3R1E1M3I1U1M3

The value of this 7-letter word is 13 points. It is included in the first and second editions of the Official Scrabble Players Dictionary.

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