noun1. an amount paid in addition to a standard rate, price, wage, etc; bonus
2. the amount paid or payable, usually in regular instalments, for an insurance policy
3. the amount above nominal or par value at which something sells
4. a. an offer of something free or at a specially reduced price as an inducement to buy a commodity or service
b. (as modifier)
a premium offer
5. a prize given to the winner of a competition; award
6. USan amount sometimes charged for a loan of money in addition to the interest
7. great value or regard
to put a premium on someone's services
8. a fee, now rarely required, for instruction or apprenticeship in a profession or trade
9. at a premium