Student Dictionary

2 entries found for premium.
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Main Entry: 1pre·mi·um
Pronunciation: primarystresspremacron-memacron-schwam
Function: noun
Etymology: Latin praemium "booty, profit, reward," from prae- "before" + emere "to take, buy"
1 a : a reward for an act b : a sum over and above a regular or stated price c : something given free or at a lower price with the purchase of a product or service
2 : the amount paid for a contract of insurance
3 : a high or extra value <put a premium on accuracy>

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