Laxi Dictionary

American Dictionary

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Definition premium in American English

premium noun

[countable] noun
/ˈprimiəm/
1

an amount of money that you pay regularly for an insurance policy

Example

Your monthly premium will be $50.

Example

Insurance premiums will increase again next year.

Synonyms and related words
actuarial actuary adjuster
2

an amount of money paid in addition to the usual amount

Example

Customers are required to pay a premium for this cable package.

Synonyms and related words
payment advance contribution
3

the amount by which the price of a share is higher than its original price

Synonyms and related words
bear bearish bear market
4

something offered for free or at a reduced price in order to get someone to buy something else

Synonyms and related words
aftermarket buyer’s market call
Definition premium in American English