English definition of “premium”
PAYMENT [C] › an amount of money you pay for insurance (= payments for an accident or illness) : How much is the monthly premium?
HIGH RATE [C] › an amount or rate that is higher than average: You pay a premium for apartments in the city centre.
be at a premium › If something useful is at a premium, there is not enough of it: Time is at a premium just before the start of exams.
place/put a premium on sth › to consider a quality or achievement as very important: She puts a premium on honesty.