premium
pronunciation
How to pronounce premium in British English:
UK [ˈpriːmiəm]
How to pronounce premium in American English:
US [ˈpriːmiəm]
-
- Noun:
- payment for insurance
- a fee charged for exchanging currencies
- payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
-
- Adjective:
- having or reflecting superior quality or value
Word Origin
- premium (n.)
- c. 1600, "reward given for a specific act," from Latin praemium "reward, profit derived from booty," from prae- "before" (see pre-) + emere "to buy," originally "to take" (see exempt (adj.)). Insurance sense is 1660s, from Italian premio. Adjectival sense of "superior in quality" is first attested 1925, originally in reference to butter.
Antonym
Example
- 1. A decade or so ago , investors used to talk about the buffett premium .
- 2. The fear premium added by the iranian situation has just exacerbated this distortion in the price .
- 3. • You have to charge a 5x price premium for your product .
- 4. This fear premium will continue for as long as wall street is worried .
- 5. That was a 38 % premium — good , but not exceptional .