'Premium' definitions:
Definition of 'premium'
From: WordNet
adjective
Having or reflecting superior quality or value; "premium gasoline at a premium price"
noun
Payment for insurance [syn: premium, insurance premium]
noun
The amount that something in scarce supply is valued above its nominal value; "they paid a premium for access to water"
noun
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"
noun
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]
Definition of 'Premium'
From: GCIDE
- Premium \Pre"mi*um\, n.; pl. Premiums. [L. praemium, originally, what one has got before or better than others; prae before + emere to take, buy. See Redeem.]
- 1. A reward or recompense; a prize to be won by being before another, or others, in a competition; reward or prize to be adjudged; a bounty; as, a premium for good behavior or scholarship, for discoveries, etc. [1913 Webster]
- To think it not the necessity, but the premium and privilege of life, to eat and sleep without any regard to glory. --Burke. [1913 Webster]
- The law that obliges parishes to support the poor offers a premium for the encouragement of idleness. --Franklin. [1913 Webster]
- 2. Something offered or given for the loan of money; bonus; -- sometimes synonymous with interest, but generally signifying a sum in addition to the capital. [1913 Webster]
- People were tempted to lend, by great premiums and large interest. --Swift. [1913 Webster]
- 3. A sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind. [1913 Webster]
- 4. A sum in advance of, or in addition to, the nominal or par value of anything; as, gold was at a premium; he sold his stock at a premium. [1913 Webster]
Synonyms of 'premium'
From: Moby Thesaurus
- abatement,
- agio,
- allowance,
- appreciation,
- at a premium,
- award,
- bait,
- bank discount,
- bank rate,
- bonus,
- bonus system,
- bounty,
- breakage,
- bribe,
- carrot,
- cash discount,
- chain discount,
- charge-off,
- come-on,
- compensatory interest,
- compound interest,
- concession,
- consideration,
- costly,
- cut,
- dear,
- dear-bought,
- decoration,
- deduction,
- depreciation,
- discount,
- discount rate,
- dividend,
- donative,
- double time,
- drawback,
- exceptional,
- exorbitant interest,
- expensive,
- extra,
- extra added attraction,
- extra dash,
- fancy,
- fee,
- filigree,
- filling,
- fillip,
- flourish,
- freebie,
- frill,
- fringe benefit,
- goad,
- gratuity,
- gravy,
- grease,
- gross interest,
- guerdon,
- high,
- high-priced,
- honorarium,
- importance,
- in short supply,
- incentive,
- incentive pay,
- incitement,
- inducement,
- interest,
- interest rate,
- kickback,
- lagniappe,
- largess,
- liberality,
- lucrative interest,
- lure,
- luxurious,
- meed,
- mortgage points,
- net interest,
- not affordable,
- of great cost,
- ornament,
- overtime pay,
- padding,
- palm oil,
- penal interest,
- penalty,
- penalty clause,
- percentage,
- perks,
- perquisite,
- perquisites,
- plum,
- pourboire,
- price,
- price of money,
- price reduction,
- price-cut,
- pricey,
- prize,
- rare,
- rate,
- rate of interest,
- rebate,
- rebatement,
- reduction,
- refund,
- regard,
- reward,
- rich,
- rollback,
- salvage,
- salve,
- scant,
- scanty,
- scarce,
- setoff,
- simple interest,
- solatium,
- something extra,
- sparse,
- sportula,
- spur,
- steep,
- stiff,
- stimulus,
- stock,
- store,
- stuffing,
- sumptuous,
- superaddition,
- sweetener,
- tare,
- time discount,
- tip,
- top,
- trade discount,
- tret,
- trimming,
- Trinkgeld,
- twist,
- underselling,
- unpayable,
- usury,
- value,
- wrinkle,
- write-off