26984 words

premium

16 definitions • 22 examples
1
an amount that is more than usual:

Examples:

We're willing to pay a premium for the best location.
Because of their location, these offices attract a premium.
The modified cars are available at a premium of five percent over the original price.
The busy shopper puts a premium on (= appreciates and will pay more for) finding everything in one big store.
2
an amount of money paid to get insurance:

Examples:

Car insurance premiums have increased this year.
The premiums for healthcare plans are high.
3
the highest quality fuel that can be used in cars
4
used to refer to something that is of higher than usual quality:

Examples:

premium ice cream
The building is on a premium site.
5
an amount of money paid at regular times to insure (= protect against risk) your health or life, or your home or possessions:

Examples:

That could mean higher Medicare premiums for retirees.
6
something extra given or an extra amount charged:

Examples:

You get a lipstick as a premium with the purchase of this makeup.
Our customers are willing to pay a premium for a superior product.
7
If you get something at a premium, you pay a high price for it, esp. because it is not easily available:

Examples:

It’s possible to get a large apartment, but only at a premium.
8
A premium is also a great amount of importance:

Examples:

The admissions office places a premium on a student’s character in the selection process.
9
of higher than usual quality or value:

Examples:

premium gasoline
10
an amount of money that is more than usual:

Examples:

We're willing to pay a premium for the best location.
attract/command a premium BMW, Mercedes, Volvo, and even Volkswagen have usually commanded a premium because they are seen as stylish.
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13
at a high price or a higher price than might be expected:

Examples:

We made 2.20 a share this year, and are trading at a premium on the S&P 500.
at a premium to sth Investors had bid up the bank's shares in recent weeks, because they thought a bigger bank might buy the company at a premium to the current stock price.
14
to consider something to be very important or valuable:

Examples:

The busy shopper puts a premium on finding everything in one big store.
15
of very high quality:

Examples:

All high street banks offer some sort of "premium banking service" to wealthier customers.
16
very high, or higher than usual:

Examples:

Experts advise businesses to switch to producing quality goods, which will be desirable to customers even at a premium price.

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