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Meaning of premium


1 definition found

From WordNet (r) 3.0 (2006) [wn]:

  premium
      adj 1: having or reflecting superior quality or value; "premium
             gasoline at a premium price"
      n 1: payment for insurance [syn: {premium}, {insurance premium}]
      2: the amount that something in scarce supply is valued above
         its nominal value; "they paid a premium for access to water"
      3: a fee charged for exchanging currencies [syn: {agio},
         {agiotage}, {premium}, {exchange premium}]
      4: a prize, bonus, or award given as an inducement to purchase
         products, enter competitions initiated by business interests,
         etc.; "they encouraged customers with a premium for loyal
         patronage"
      5: payment or reward (especially from a government) for acts
         such as catching criminals or killing predatory animals or
         enlisting in the military [syn: {bounty}, {premium}]


WordNet ® Princeton University. http://wordnet.princeton.edu

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