premium

Definitions

General English

• adjective higher quality and therefore more expensive than other similar things

Accounting

• noun a regular payment made to an insurance company for the protection provided by an insurance policy
• noun an amount to be paid to a landlord or a tenant for the right to take over a lease
• noun an extra sum of money in addition to a usual charge, wage, price or other amount
• noun a gift, discount or other incentive to encourage someone to buy

Economics

• noun an amount paid to take out an insurance policy
• noun an amount above face value at which something such as a security sells

Forex

• The cost of an option, or the situation where one delivery period's price exceeds another's. For example, a forex options trader might pay a $10,000 premium to buy an at the money EUR call/USD put option expiring in one month. Also, one might say that the USD/CAD pair trades forward at a premium when forward rates are higher than the spot rate.

Law

• noun a sum of money paid by one person to another, especially one paid regularly

Marketing

• noun the amount added to a normal price or rate for a product or service
• noun free gift offered to a prospective purchaser as an inducement to make a purchase

Real Estate

• noun a higher charge for something that is of very good quality

Travel

• noun a special prize

Wine

• used to describe a wine of high quality and usually commanding a very high price, or the vines or grapes from which such a wine is made

Nearby Definitions of “premium”

• potato
• pound
• power
• practice
• preference
• premium
• present
• press
• price
• price discrimination
• price mechanism

Contexts for “premium”

14 definitions in context
• General English
• Accounting
• Economics
• Forex
• Law
• Marketing
• Real Estate
• Travel
• Wine