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    premium

    premium - Dictionary definition and meaning for word premium

    Definition
    (noun) payment for insurance
    Synonyms : insurance premium
    Definition
    (noun) the amount that something in scarce supply is valued above its nominal value
    Example Sentence
    • they paid a premium for access to water
    Definition
    (noun) a fee charged for exchanging currencies
    Synonyms : agio , agiotage , exchange premium
    Definition
    (noun) a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
    Example Sentence
    • they encouraged customers with a premium for loyal patronage
    Definition
    (noun) payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
    Synonyms : bounty
    Definition
    (adj) having or reflecting superior quality or value
    Example Sentence
    • premium gasoline at a premium price

Word used in video below:
text: hay well there is standard hay premium
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