Looking for the meaning or definition of the word premium? That's all it means.
an amount to be paid for an insurance policy
premium, insurance premium(noun)payment for insurance
premium(noun)the amount that something in scarce supply is valued above its nominal value
"they paid a premium for access to water"
agio, agiotage, premium, exchange premium(noun)a fee charged for exchanging currencies
premium(noun)a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
"they encouraged customers with a premium for loyal patronage"
bounty, premium(adj)payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
premium(adj)having or reflecting superior quality or value
"premium gasoline at a premium price"
commanding a large pricelavish feasts at which premium wines flowed freely
something given in recognition of achievementencouraging Girl Scouts to sell more cookies by offering premiums
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