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Definition premium in British English

premium noun

[countable] noun
/ˈpriːmiəm/
1

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

Example

Your monthly premium will be £36.

Example

Insurance premiums will increase again next year.

Synonyms and related words
2

an amount of money paid in addition to the usual amount

Example

Customers are required to pay a premium for this service.

Synonyms and related words
3

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

Synonyms and related words
Definition premium in British English