premium

What is the Definition of premium?

Noun:

1. payment for insurance
2. the amount that something in scarce supply is valued above its nominal value
3. a fee charged for exchanging currencies
4. a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
5. payment or reward (especially from a government)

Adjective:

1. having or reflecting superior quality or value

Other meanings of premium (synonyms, cognates).