premium /ˈpɹiː.miː.əm/noun 6adjective 2forms 2 noun6 •An unusually high value. •The amount to be paid for an insurance policy.(Of course, if an insured dies during the grace period, the unpaid annual premium or instalment thereof is past due and therefore is deducted from the death benefit.) — 1951 •The amount by which a security's value exceeds its face value. •A bonus paid in addition to normal payments.At first I wrote it off to the simpler protocols of grandparenthood, with its premium on uncomplicated gestures of generosity and love. — 2009 •Something offered at a reduced price as an inducement to buy something else. •A prize or award. adjective2 •Superior in quality; higher in price or value. •High-end; belonging to the market segment between mid-market and luxury. formspremia · premiums
