Words · Common
premium
/pˈɹimiəm/ · 7 letters · 6 distinct letters
- adjective
having or reflecting superior quality or value; having a higher price or cost
premium gasoline at a premium price
- noun
payment for insurance
- noun
the amount that something in scarce supply is valued above its nominal value
they paid a premium for access to water
- noun
a fee charged for exchanging currencies
- noun
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