premium

US /ˈprimiəm/

UK /ˈpri:miəm/

B1TOEIC
adj.AdjectiveHaving a higher than normal quality
The company offers standard and premium services
n.NounMoney paid as a fee for insurance
I pay a large premium because I hit another car
n.NounAn additional sum of money paid above the usual price.
They're paying a premium for speed and convenience.
n.NounAn item given free as an incentive to buy something.
Customers received a small premium with their purchase.
n.NounGreat importance or value.
Good health is at a premium these days.
adj.AdjectiveRelating to or denoting a higher quality or more expensive product.
The stock is trading at a premium.
v.t.Transitive VerbTo set a high value on something.
The company premiums its products to maintain an image of exclusivity.
n.NounA reward or bonus.
The company offers a premium for good performance.
n.NounThe amount by which the price of something exceeds its nominal or intrinsic value.
The stock is trading at a premium.
adj.AdjectiveDenoting or relating to goods or services of superior quality and therefore a higher price.
Premium gasoline costs more but may improve engine performance.
adv.AdverbTo a higher degree or in a superior manner.
These oranges are premium quality.

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