premium

Meanings

1. 1
   adj

   Of high quality and usually higher price.

   They only sell premium coffee beans.

2. 2
   noun

   An amount of money paid regularly for an insurance policy.

   Her monthly insurance premium went up this year.

3. 3
   noun

   An extra amount paid above the usual or normal price.

   Buyers paid a premium for homes near the water.

Appears in

Simplified etymology

Premium, recorded from the early 17th century, comes from the same Latin root as pre-empt. That word is based on Latin prae, “in advance,” and emere, “to buy.”

From Latin praemium (“prize”).

Topics

External links

• Google Images
• Cambridge Dictionary
• Wiktionary