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Definition of PREMIUM
Pronunciation : PREMIUM

noun : PREMIUM

Source:WordNet 3.1

  • 2. (

    ) the amount that something in scarce supply is valued above its nominal value; "they paid a premium for access to water" ;

  • 4. (

    ) a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.; "they encouraged customers with a premium for loyal patronage" ;

  • 5. (

    ) payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military ;

Adjective : PREMIUM

Source:WordNet 3.1

  • 1. (

    ) having or reflecting superior quality or value; "premium gasoline at a premium price" ;

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