premium
2 ENTRIES FOUND:
plural
premiums
plural
premiums
Britannica Dictionary definition of PREMIUM
1
[count]
:
the price of insurance
:
the amount paid for insurance
-
Health insurance premiums went up again this year.
-
The monthly premium for your health insurance is deducted from your paycheck.
2
[singular]
:
a price that is higher than the regular price
—
see also at a premium (below)
-
There is a premium [=higher price] for hotel rooms that have views of the beach.
-
Many customers are willing to pay a premium for organic vegetables.
-
Land in the county is selling at a premium. [=for a high price]
3
[singular]
:
a high or extra value
-
Publishers put/place a premium on accuracy. [=publishers value accuracy very highly]
at a premium
:
difficult to get because there is little available
-
We bought bunk beds because space in the apartment is at a premium.
-
Overnight delivery is available when time is at a premium. [=when something needs to happen or be done very soon]
