Meaning of the word premium in English

What does premium mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

premium

US /ˈpriː.mi.əm/
UK /ˈpriː.mi.əm/
"premium" picture

Noun

1.

a sum added to an ordinary price or charge

Example:
There's a premium for express delivery.
You pay a higher premium for better insurance coverage.

Adjective

1.

of superior quality or value; high-end

Example:
This car uses premium fuel.
They offer premium services to their top clients.
Learn This Word at Lingoland