An amount paid periodically to the insurer by the insured for covering their risk. She pays a monthly premium for her health insurance policy.
An additional amount of money added to the usual price or cost. The concert tickets were sold at a premium due to high demand.
A reward or incentive offered to encourage a particular action or behavior. The company offered a premium to employees who referred new clients.
The amount by which the price of a security or commodity exceeds a benchmark or reference price. The bond was trading at a premium compared to its face value.
He always fills his sports car with premium to avoid engine knocking.