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