Premium

['priːmɪəm] or ['primɪəm]

Definition

(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 for insurance.

(noun.) the amount that something in scarce supply is valued above its nominal value; 'they paid a premium for access to water'.

(adj.) having or reflecting superior quality or value; 'premium gasoline at a premium price' .

Typed by Carlyle--From WordNet

Definition

(n.) 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.

(n.) Something offered or given for the loan of money; bonus; -- sometimes synonymous with interest, but generally signifying a sum in addition to the capital.

(n.) A sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind.

(n.) 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.

Typist: Ronald

Synonyms and Synonymous

n. Reward, recompense, bounty, prize, bonus.

Typed by Essie

Synonyms and Antonyms

SYN:Reward, guerdon, encouragement, douceur, enhancement, bribe, recompense, bonus,prize, bounty

ANT:Penalty, fine, amercement, mulct, forfeit, depreciation

Editor: Murdoch

Definition

n. a reward: a prize: a bounty: payment made for insurance: the difference in value above the original price or par of stock—opp. to Discount: anything offered as an incentive.—adjs. Prē′mial Prē′miant.—v.t. Prē′miate to reward with a premium.—At a premium above par (see Par).

Checker: Vivian

Examples

Editor: Tess

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