premiumnoun
usuk/ˈpriː.mi.əm/premium noun (EXTRA)
[ C ] an amount that is more than usual:
We're willing to pay a premium for the best location.
Because of their location, these offices attract a premium.
The modified cars are available at a premium of five percent over the original price.
The busy shopper puts a premium on (= appreciates and will pay more for) finding everything in one big store.
More examples
- You usually pay a premium for organic meat and vegetables.
- These flats attract a premium because of their riverside location.
- A higher spec version is available at a premium of £3000 above the standard price.
- Customers will be required to pay a premium for this extra service.
- Vintage champagne is being sold at a premium.
Thesaurus: synonyms and related words
Also, extra, and in addition
- added
- additional
- again
- along
- also
- case
- excess
- for good measure idiom
- for luck idiom
- furthermore
- hand
- have sth in hand idiom
- say
- second 1
- the icing on the cake idiom
- thirdly
- to boot idiom
- to cap it all idiom
- to say nothing of ... idiom
- yet
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premium noun (PAYMENT)
C2 [ C ] an amount of money paid to get insurance:
Car insurance premiums have increased this year.
The premiums for healthcare plans are high.
More examples
- a monthly premium of £30
- Many insurance companies are under pressure to increase premiums to stay solvent.
- Do you pay a health insurance premium?
- We pay the car insurance by an annual premium.
- Our monthly premium for house insurance has gone up.
Thesaurus: synonyms and related words
Insurance
- actuarial
- assessor
- bancassurance
- claim
- coverage
- deductible
- endowment policy
- excess
- green card
- guarantee
- indemnify
- insurance
- insure
- insured
- insurer
- no-claims bonus
- policy
- protect
- the GISC
- uninsured
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premium noun (FUEL)
[ U ] also premium fuel, US also premium gas the highest quality fuel that can be used in cars
Thesaurus: synonyms and related words
Petroleum products especially when used as fuel
- antiknock
- diesel
- four-star
- gas
- gasohol
- gasoline
- hexane
- high-octane
- kerosene
- leaded
- LPG
- mineral oil
- octane
- octane number
- oil
- petrochemical
- petroleum
- super
- unleaded
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Idiom(s)
be at a premium
premiumadjective
usuk/ˈpriː.mi.əm/C2 used to refer to something that is of higher than usual quality:
premium ice cream
The building is on a premium site.
Thesaurus: synonyms and related words
Extremely good
- admirable
- amazing
- ask for sb/sth
- award-winning
- awesome
- bowl
- brilliant
- incomparable
- incredible
- inspired
- irreplaceable
- life is just a bowl of cherries idiom
- outstanding
- parallel
- sterling
- superb
- superlatively
- supremacy
- supreme
- terrific
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