premium Definition and Meaning in English (premium definition)
nounPremium definition: An amount paid regularly to an insurance company for a policy, or an additional sum added to a standard price.
Definitions of Premium
- 1noun
An amount paid regularly to an insurance company for a policy, or an additional sum added to a standard price.
- 2noun
A superior quality or value, often implying a higher cost or desirability.
- 3adjective
Of superior quality or value, often more expensive than standard alternatives.
Example Sentences
“The insurance premium is due next month.”
“They only use premium ingredients in their products.”
“You have to pay a premium for express delivery.”
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Phrases & Idiomatic Expressions
In great demand, or available only at a higher price.
A type of savings product offering tax-free prizes instead of interest.
A higher charge for a telephone call or service.
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