premium
- noun
- /ˈpriːmiəm/
- 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.
- Similarly, this risk premium should fall as your income is higher.
- Perfect thing about Apple, you pay a massive premium for their products.
- I want to sell very much more option premium than I buy.
- You know you're paying a premium for what everyone loves to say.
- I'm just saying that truck driving is at a premium right now.
- And those things can be things like the price premium a customer will pay for faster delivered.
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
An extra charge added to the usual price for a service
The highest price people pay for something because it is rare or very valuable
An extra amount of money someone asks for that is not fair
Extra money you pay to change one currency into another
An extra fee you pay when you change money from one currency to another
Antonyms
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
- UK
A government savings plan that pays no interest but gives a chance to win money in monthly draws
How Much
Surface Forms
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.