Premium — synonyms, definition

1. premium (a)

admirable best better excellent exceptional finest great greatest higher highest over peerless preferred select splendid striking superior superlative

2. premium (Noun)

accolade agio agiotage bonus bounty exchange premium gift guerdon honour insurance premium laurel medal prize recompense reward

premium (Noun) — Payment for insurance.

premium (Noun) — The amount that something in scarce supply is valued above its nominal value. ex. "they paid a premium for access to water"

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.. ex. "they encouraged customers with a premium for loyal patronage"

premium (Noun) — (government) payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military.

award bonus charge economic value incentive payment prize reward value

3. premium (Adjective)

premium (Adjective) — Having or reflecting superior quality or value. ex. "premium petrol at a premium price"