Something that's premium is much better than average it's excellent, in fact. A premium seat at a rock concert is right up front, with a great view of the stage.
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;
Noun
payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
Noun
payment for insurance
Noun
a fee charged for exchanging currencies
Adjective S.
having or reflecting superior quality or value; "premium gasoline at a premium price"
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.
Premium
To think it not the necessity, but the premium and privilege of life, to eat and sleep without any regard to glory.
The law that obliges parishes to support the poor offers a premium for the encouragement of idleness.2.
People were tempted to lend, by great premiums and large interest.3.
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;
Usage Examples
There is little premium in poetry in a world that thinks of Pound and Whitman as a weight and a sampler, not an Ezra, a Walt, a thing of beauty, a joy forever.
Your premium brand had better be delivering something special, or it's not going to get the business.
The reality of split government puts a premium on creativity within the administration. President Obama needs to put the right people in charge of the agencies and then have them push the bounds of administrative power to change policy through those agencies. President Obama has a pretty good track record of this.
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Other Usage ExamplesSomeone once told me the one thread that runs through them all is a premium on personal courage - not intellectual courage, but just plain physical courage.
My mom just didn't put a very high premium on me being like really famous or really wealthy or anything.
Spain is finding it very difficult to finance itself with sovereign debt risk premium so high.
In my case, I pay a standard premium to participate in the Federal Employees' Health Benefits Plan for my wife and myself out of each month's paycheck.
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