LookItUppremium
Meaning in simple English, pronunciation and examples
Pronunciation: US /ˈpriːmiəm/
Forms: premiums
premium means: Money you pay regularly to a company that covers certain losses, accidents, or medical costs.
noun
Money you pay regularly to a company that covers certain losses, accidents, or medical costs.
- I pay my premium every month.
- Her car insurance premium increased this year.
- Does this policy have a lower annual premium?
An extra amount paid for something especially good, scarce, or in great demand.
- Buyers pay a premium for sea views.
- Fresh water was at a premium on the island.
- Would you pay a premium for handmade furniture?
Extra money given as a bonus or reward, on top of the usual payment.
- Workers received a premium for meeting the target.
- The company paid a premium for night work.
- The annual production premium was unusually generous.
Questions about premium
What does premium mean?
Money you pay regularly to a company that covers certain losses, accidents, or medical costs.
What is premium in other languages?
Türkçe: sigorta primi · Español: prima · Français: prime · Deutsch: Versicherungsprämie · Italiano: premio assicurativo · 日本語: 保険料
How do you pronounce premium?
It is pronounced /ˈpriːmiəm/.
How do you use premium in a sentence?
I pay my premium every month. Her car insurance premium increased this year.
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