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premium

premium

58 5.4
An extra amount paid when goods are scarce or in high demand
  • noun
  • /ˈpriːmiəm/
translation icon : sobreprecio
  • In the United States, risk premiums commonly range from 6 to 30 percent.
  • pay a premium
  • a premium price
  • a high premium

Similarly, this risk premium should fall as your income is higher.

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Examples

  • Currently, these countries must pay a premium to import fuel from other countries.

  • I know that, and I'm willing to pay a premium to get the job done right.

  • The client's willing to pay a premium for it.

  • I'm sorry, sir, but there is a premium charge for this event.

    Fiction book (1995)
  • Those spots are at a premium, and so we have to follow the protocol to make sure that it's fair for everyone.

  • All this puts a premium on addressing problems at their earliest stages.

    Academic text (1999)
  • That's when the fruit can go for a premium price of 10 to 15 cents a pound.

    Academic text (1997)
  • Waterfront land was at a premium by the time they looked seaward.

    Fiction book (1998)
  • Courtroom seats for the Hennis trial have been at a premium these past weeks.

Synonyms

surcharge
vspremium
31 5.5

An extra charge added to the usual price for a service

is charged because of scarcity or high demand as a special fee
top dollar
vspremium
  • US
20 5.1

The highest price people pay for something because it is rare or very valuable

is an extra amount above the usual price rather than the overall highest price
overcharge
vspremium
4 4.6

An extra amount of money someone asks for that is not fair

is an extra payment justified by scarcity, demand, or special fee
exchange premium
vspremium
  • Specialized
7.4

Extra money you pay to change one currency into another

applies generally to extra payments beyond usual value, not only currency conversion
agio
vspremium
  • Specialized
9.9

An extra fee you pay when you change money from one currency to another

is a general extra charge not limited to currency conversion situations

Antonyms

260 1.0

A lower price offered for something, often shown as a percent

Compounds

Regular payment you make to a company to keep your cover for loss and damage

A bank account that gives extra services and benefits for a fee or for customers who meet requirements

exchange premium
  • Specialized
7.4

Extra money you pay to change one currency into another

6.8

A government savings plan that pays no interest but gives a chance to win money in monthly draws

How Much

excess
77 4.1
premium
58 5.4
surcharge
31 5.5

Surface Forms

premium singular
premiums plural

Etymology

Premium comes from the Latin praemium, meaning 'reward' or 'prize', and it later grew to mean an extra price paid for something special, so paying a premium is paying more than usual.