Longman Dictionary English

From Longman Dictionary of Contemporary English
Related topics: Insurance, Business basics, Gas, coal, oil, Motor vehicles
premiumpre‧mi‧um1 /ˈpriːmiəm/ ●○○ noun 1 [countable]BFI the cost of insurance, especially the amount that you pay each year insurance premiums2 [countable]BBPAY somebody FOR WORK an additional amount of money, above a standard rate or amount Consumers are prepared to pay a premium for organically grown vegetables. Top quality cigars are being sold at a premium.3 → be at a premium4 → put/place a premium on something5 [uncountable] especially American EnglishTPGTTC good quality petrol
Examples from the Corpus
premium• Premium costs around $1.35 a gallon.• Yields also were lowered on the noncallable serial bonds due in 2013-2016, which were priced at a premium.• Farmers are being offered a premium for organically grown vegetables.• Risk of unexpected changes in default premium.• For an age that put a high premium on human imagination, this was important.• That being the case, the company had been taking his premiums without assuming any actual risk.• We pay over $1200 in annual car insurance premiums.• Businessure is aimed at businesses with a turnover of up to £1m and generally involving premiums of up to £5,000 perannum.• Neither can they raise premiums if an existing customer takes a test which proves to be positive.• Private motor business remains very competitive but it has been necessary to apply further selective premium increases.• Let the self-correcting nature of automation strain to find the optima which let only the premium through.sold at a premium• Invariably such products are sold at a premium price quite unjustified by the cost of their components.premiumpremium2 adjective 1 of very high quality premium ice cream the current consumer trend for premium products premium quality British potatoes2 → premium price/rate
Examples from the Corpus
premium• premium-quality wine• The cable company offers both standard and premium services.premium quality• Could it be that the high prices are justified by premium quality?• The group's core business is premium quality alcoholic beverages.• Gin is produced by the rectification of neutral spirits with premium quality botanicals in traditional copper pot stills.From Longman Business Dictionarypremiumpre‧mi‧um1 /ˈpriːmiəm/ noun [countable]1INSURANCE a payment that you make for insuranceSome insurance companies offer small sum policies, with monthly or annual premiums.single premium life insurance policiesCar insurance premiums shot up by almost a quarter. → renewal premium2an additional amount of money, above a standard amount or rateThe company’s earnings will grow by about 25% a year and investors will be willing to pay a premium (=pay more than usual) for that growth.As long as there is a threat of war in the Middle Eastern oil fields, oil prices will command a premium (=buyers will have to pay more than usual). → bond premium → conversion premium → mobility premium → option premium3at a premium if something is at a premium, there is little of it available or it is difficult to obtainWith parking space at a premium in Japanese cities, the microcar is a popular form of transport.4at a premium (to something) if one thing is sold at a premium to another, it costs morePlatinum usually trades at a premium to gold.5put/place a premium on something if you put a premium on something, you consider it to be especially valuableEmployers today put a premium on reasoning skills and willingness to learn.premiumpremium2 adjective [only before a noun]MARKETING premium products, goods etc are of higher quality than usualPremium brands of beer will grow faster, in line with the trend toward people demanding better quality.Origin premium1 (1600-1700) Latin praemium “profit, reward”, from emere “to take, buy”
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