nounπShareA prize or award."The school awarded the top student a premium for their outstanding essay. "achievementvalueChat with AIVocabulary GamePractice Reading
nounπShareSomething offered at a reduced price as an inducement to buy something else."The store offered a free premium subscription to their online magazine with the purchase of a new computer. "businesscommerceeconomyChat with AIVocabulary GamePractice Reading
nounπShareA bonus paid in addition to normal payments."The employee received a premium for working overtime. "businessfinanceeconomyChat with AIVocabulary GamePractice Reading
nounπShareThe amount to be paid for an insurance policy."The premium for my car insurance is $150 per month. "insurancefinancebusinessChat with AIVocabulary GamePractice Reading
nounπShareAn unusually high value."The premium on the antique clock was very high because of its age and condition. "valuebusinesseconomyfinancequalityChat with AIVocabulary GamePractice Reading
nounπShareThe amount by which a security's value exceeds its face value."The premium on the investment bonds was high, reflecting their strong market value. "businessfinancevalueChat with AIVocabulary GamePractice Reading
adjectiveπShareSuperior in quality; higher in price or value."The premium brand of coffee is more expensive but tastes much better than the regular brand. "businessvaluequalityeconomyChat with AIVocabulary GamePractice Reading
adjectiveπShareHigh-end; belonging to the market segment between mid-market and luxury."The new phone plan is a premium option, costing more than the standard plan but less than the top-tier, most expensive one. "businesseconomyqualityChat with AIVocabulary GamePractice Reading
