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It's commonly used in context of insurance where it refers to the. A prize or bonus given, for example, when purchasing a product, as a way of increasing sales: An amount of money paid to get insurance:
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An amount paid or required, often as an installment payment, for an insurance policy. How to use premium in a sentence. A bonus, gift, or sum added as an.
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Look up premium in wiktionary, the free dictionary. An amount that is more than usual: A premium is a specified amount of money paid periodically for something of value, such as a contract, service, or product.
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Premium synonyms, premium pronunciation, premium translation, english dictionary definition of premium. An amount paid or required, often as an installment. Meanings, etymology, pronunciation and more in the oxford english dictionary
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The premium was a little gadget to hold your toothbrush. Place/put a premium on sth to consider a quality or achievement as very important: The meaning of premium is a reward or recompense for a particular act.
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For more details and authoritative references, refer to the official documentation on Wikipedia.
