PREMIUM
Scrabble letter values: P3R1E1M3I1U1M3 = 13
Definition
- adjective having or reflecting superior quality or value.
- noun payment for insurance. — synonyms: insurance_premium
- noun the amount that something in scarce supply is valued above its nominal value.
- noun a fee charged for exchanging currencies. — synonyms: agio, agiotage, exchange_premium
- noun a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc..
- noun payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military. — synonyms: bounty
Examples
- “premium gasoline at a premium price”
- “they paid a premium for access to water”
- “they encouraged customers with a premium for loyal patronage”