Dictionary Check: premium

"premium" is a valid word!

Scrabble 13 points
Words with Friends 17 points

Definition

adjective

having or reflecting superior quality or value; having a higher price or cost

Example: "premium gasoline at a premium price"
noun

payment for insurance

Synonyms:
noun

the amount that something in scarce supply is valued above its nominal value

Example: "they paid a premium for access to water"
noun

a fee charged for exchanging currencies

noun

a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.

Example: "they encouraged customers with a premium for loyal patronage"
noun

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

Synonyms:

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