premium — an amount to be paid for an insurance policy or a sum added to an ordinary price or charge
Part of speech: NOUN
Definition: an amount to be paid for an insurance policy or a sum added to an ordinary price or charge
Pronunciation (IPA): /ˈpriːmiəm/
Example Sentences
- My mom pays premium prices for organic vegetables but still complains about grocery bills.
- The company offers premium services to its VIP customers.
- He bought premium gasoline thinking his old car would run like a Ferrari.
premium
NOUN[/ˈpriːmiəm/]
an amount to be paid for an insurance policy or a sum added to an ordinary price or charge
Customer pays insurance premium to agent at office desk
Premium seats at the stadium beat any medium!
Got the picture? Now let's practice.
🎤Pronunciation
🌳Etymology
Origin
Premium derives from Latin praemium, meaning 'reward, prize, or spoils of war'. In ancient Rome, it originally referred to special monetary bonuses granted to soldiers, which evolved into the modern concept of a premium as something of superior value or quality warranting additional cost.
Breakdown
Latin praemium (reward, prize) comprises prae- (before, in front) + emere (to buy, take), literally 'something taken before or first'.
🎵Rhyme
🔗Collocations
📝Examples
“My mom pays premium prices for organic vegetables but still complains about grocery bills.”
“The company offers premium services to its VIP customers.”
“He bought premium gasoline thinking his old car would run like a Ferrari.”
“Space for parking is at a premium in downtown areas.”
📚Related Words
Synonyms
Antonyms
Related
Want to master 19,000+ words?
Sign up free for flashcards & quizzes.