Word Meaning

premium definition and meaning

n. A reward or recompense; a prize to be won by being before another, or others, in a competition; reward or prize to be adjudged; a bounty; as, a premium for good behavior or scholarship, for discoveries, etc.
n. Something offered or given for the loan of money; bonus; -- sometimes synonymous with interest, but generally signifying a sum in addition to the capital.
n. A sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind.
n. A sum in advance of, or in addition to, the nominal or par value of anything; as, gold was at a premium; he sold his stock at a premium.

Crossword clues for premium

- Insurance payment
- Insurance policy payment
- Of highest quality
- Of superior quality
- Price of insurance