noun๐ShareA prize or award."The store gave out free ice cream as premiums to customers who spent over $50. "achievementvalueChat with AIVocabulary GamePractice Reading
noun๐ShareSomething offered at a reduced price as an inducement to buy something else.""The cereal box included small toys as premiums to encourage children to buy it." "businesscommerceChat with AIVocabulary GamePractice Reading
noun๐ShareA bonus paid in addition to normal payments."Because the team exceeded its sales goals, each member received significant premiums added to their regular salaries. "businessfinanceinsuranceChat with AIVocabulary GamePractice Reading
noun๐ShareThe amount to be paid for an insurance policy."My dad pays high premiums for our family's health insurance. "insurancebusinessfinanceChat with AIVocabulary GamePractice Reading
noun๐ShareAn unusually high value."Because the old baseball card was so rare and in excellent condition, the premiums buyers were willing to pay were extremely high. "valuebusinessfinanceinsuranceeconomyChat with AIVocabulary GamePractice Reading
noun๐ShareThe amount by which a security's value exceeds its face value."Because the rare stamp was in perfect condition, collectors paid high premiums over its catalog value. "valueamountfinancebusinessChat with AIVocabulary GamePractice Reading
