Premium
Pronunciation: /ˈpriːmiːəm/
Premium (noun)
- An additional amount of money paid for something special or extra.
- The regular payment made to an insurance company for coverage.
Examples
- She paid a premium for the faster service.
- A premium is required for early access.
Common collocations: pay a premium, charge a premium, insurance premium, premium payment, premium quality
Premium (adjective)
- Describes something that is of very good quality or more expensive.
Examples
- They offer premium products at a higher price.
- The premium service includes additional features.