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.

From Latin praemium (“prize”).

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