Skip to main content
Select Source:

premium

pre·mi·um / ˈprēmēəm/ • n. (pl. -ums ) 1. an amount to be paid for an insurance policy. 2. a sum added to an ordinary price or charge: customers are reluctant to pay a premium for organic fruit. ∎  a sum added to interest or wages; a bonus. ∎  [as adj.] relating to or denoting a commodity or product of superior quality and therefore a higher price: premium beers. ∎  Stock Market the amount by which the price of a share or other security exceeds its issue price, its nominal value, or the value of the assets it represents: the fund has traded at a premium of 12%. 3. something given as a reward, prize, or incentive: the Society of Arts awarded him a premium. PHRASES: at a premium 1. scarce and in demand: space was at a premium. 2. above the usual or nominal price: books with pristine dustjackets are less common and sell at a premium. put (or place) a premium on regard or treat as particularly valuable or important: he put a premium on peace and stability.

Cite this article
Pick a style below, and copy the text for your bibliography.

  • MLA
  • Chicago
  • APA

"premium." The Oxford Pocket Dictionary of Current English. . Encyclopedia.com. 11 Dec. 2017 <http://www.encyclopedia.com>.

"premium." The Oxford Pocket Dictionary of Current English. . Encyclopedia.com. (December 11, 2017). http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/premium-0

"premium." The Oxford Pocket Dictionary of Current English. . Retrieved December 11, 2017 from Encyclopedia.com: http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/premium-0

Premium

PREMIUM

A reward for an act done.

A bounty or bonus; a consideration given to invite a loan or a bargain, as the consideration paid to the assignor by the assignee of a lease, or to the transferer by the transferee of shares of stock, etc.

In granting a lease, part of the rent is sometimes capitalized and paid in a lump sum at the time the lease is granted. This is called a premium.

The sum paid or agreed to be paid by an insured to the underwriter (insurer) as the consideration for the insurance. The price for insurance protection for a specified period of exposure.

Cite this article
Pick a style below, and copy the text for your bibliography.

  • MLA
  • Chicago
  • APA

"Premium." West's Encyclopedia of American Law. . Encyclopedia.com. 11 Dec. 2017 <http://www.encyclopedia.com>.

"Premium." West's Encyclopedia of American Law. . Encyclopedia.com. (December 11, 2017). http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/premium

"Premium." West's Encyclopedia of American Law. . Retrieved December 11, 2017 from Encyclopedia.com: http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/premium

premium

premium reward, prize; sum to be paid in an insurance policy, etc. XVII; fee for instruction in a trade, etc. XVIII. — L. præmium booty, reward, f. præ- PRE- + emere buy, orig. take.

Cite this article
Pick a style below, and copy the text for your bibliography.

  • MLA
  • Chicago
  • APA

"premium." The Concise Oxford Dictionary of English Etymology. . Encyclopedia.com. 11 Dec. 2017 <http://www.encyclopedia.com>.

"premium." The Concise Oxford Dictionary of English Etymology. . Encyclopedia.com. (December 11, 2017). http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/premium-1

"premium." The Concise Oxford Dictionary of English Etymology. . Retrieved December 11, 2017 from Encyclopedia.com: http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/premium-1

premium

premium •columbium •erbium, terbium, ytterbium •scandium • compendium •palladium, radium, stadium, vanadium •medium, tedium •cryptosporidium, cymbidium, idiom, iridium, rubidium •indium •exordium, Gordium, rutherfordium •odeum, odium, plasmodium, podium, sodium •allium, gallium, pallium, thallium, valium •berkelium, epithelium, helium, nobelium, Sealyham •beryllium, cilium, psyllium, trillium •linoleum, petroleum •thulium • cadmium •epithalamium, prothalamium •gelsemium, premium •chromium, encomium •holmium • fermium •biennium, millennium •cranium, geranium, germanium, Herculaneum, titanium, uranium •helenium, proscenium, rhenium, ruthenium, selenium •actinium, aluminium, condominium, delphinium •ammonium, euphonium, harmonium, pandemonium, pelargonium, plutonium, polonium, zirconium •neptunium •europium, opium •aquarium, armamentarium, barium, caldarium, cinerarium, columbarium, dolphinarium, frigidarium, herbarium, honorarium, planetarium, rosarium, sanitarium, solarium, sudarium, tepidarium, terrarium, vivarium •atrium •delirium, Miriam •equilibrium, Librium •yttrium •auditorium, ciborium, conservatorium, crematorium, emporium, moratorium, sanatorium, scriptorium, sudatorium, vomitorium •opprobrium •cerium, imperium, magisterium •curium, tellurium •potassium • axiom • calcium •francium • lawrencium • americium •Latium, solatium •lutetium, technetium •Byzantium • strontium • consortium •protium • promethium • lithium •alluvium, effluvium •requiem • colloquium • gymnasium •caesium (US cesium), magnesium, trapezium •Elysium • symposium

Cite this article
Pick a style below, and copy the text for your bibliography.

  • MLA
  • Chicago
  • APA

"premium." Oxford Dictionary of Rhymes. . Encyclopedia.com. 11 Dec. 2017 <http://www.encyclopedia.com>.

"premium." Oxford Dictionary of Rhymes. . Encyclopedia.com. (December 11, 2017). http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/premium

"premium." Oxford Dictionary of Rhymes. . Retrieved December 11, 2017 from Encyclopedia.com: http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/premium