Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “premium”

See all translations

premium

noun [C]  /ˈpri·mi·əm/ us  

premium noun [C] (PAYMENT)

an amount of money paid at regular times to insure (= protect against risk) your health or life, or your home or possessions: That could mean higher Medicare premiums for retirees.

premium noun [C] (EXTRA)

something extra given or an extra amount charged: You get a lipstick as a premium with the purchase of this makeup. Our customers are willing to pay a premium for a superior product.at a premium If you get something at a premium, you pay a high price for it, esp. because it is not easily available: It’s possible to get a large apartment, but only at a premium. A premium is also a great amount of importance: The admissions office places a premium on a student’s character in the selection process.

premium

adjective [not gradable]  /ˈpri·mi·əm/ us  

premium adjective [not gradable] (EXTRA)

of higher than usual quality or value: premium gasoline
(Definition of premium from the Cambridge Academic Content Dictionary © Cambridge University Press)
What is the pronunciation of premium?
Add Cambridge dictionaries to your browser to your website

Definitions of “premium” in other dictionaries

Word of the Day

christmassy

typical of Christmas, or happy because it is Christmas

Word of the Day

Cleavage proves divisive in Cambridge’s words of 2014

by Alastair Horne,
December 19, 2014
​​​​ Other dictionaries may choose faddish novelties as their words of the year, but here at Cambridge, we like to do something different. We look for the words that have seen sudden surges in searches over the course of the year – words that have been baffling users of English and driven them

Read More 

tweleb noun

December 22, 2014
informal a Twitter celebrity; (more specifically, someone who has more than 1,000 followers on Twitter) There were a few old and a few new faces, including a tweleb or two. Expect to see and hear more from these cool kids.

Read More