Premium
WordNet
adjective
(1) Having or reflecting superior quality or value
"Premium gasoline at a premium price"
noun
(2) Payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
(3) Payment for insurance
(4) A fee charged for exchanging currencies
(5) The amount that something in scarce supply is valued above its nominal value
"They paid a premium for access to water"
WiktionaryText
Noun
- A prize or award.
- Something offered at a reduced price as an inducement to buy something else.
- A bonus paid in addition to normal payments.
- The amount to be paid for an insurance policy.
- An unusually high value.
- The amount by which a security's value exceeds its face value.