premium
Definition
- n. payment for insurance
- n. the amount that something in scarce supply is valued above its nominal value
- n. a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
- adj. having or reflecting superior quality or value
Word forms
- Plural
- premiums
Example sentences
n.
The company offers a premium for employees who achieve their sales targets.
n.
I need to pay my health insurance premium by the end of the month.