Looking for the meaning of the word PREMIUM in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of PREMIUM with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Premium
Speech Type: Noun
Etymology:
early 17th century (in the sense ‘reward, prize’): from Latin praemium ‘booty, reward’, from prae ‘before’ + emere ‘buy, take’
Audio Pronunciation:
Phonetic Spelling:
ˈpriːmɪəm
Dialects: British English
Definition:
an amount to be paid for a contract of insurance.
Short Definition:amount paid for insurance contract
Definition:
a sum added to an ordinary price or charge
Short Definition:sum added to ordinary price etc.
Examples:- customers are reluctant to pay a premium for organic fruit
Definition:
something given as a reward, prize, or incentive
Short Definition:something given as reward etc.
Examples:- the Society of Arts awarded him a premium
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