Premium ( noun , adjective )

(As a noun)

Premium ( noun )

1. An amount paid or required in payment for a privilege, service, or good.
2. An extra payment made to secure the use or ownership of something.
3. A sum added to an ordinary price, rate, salary, etc.

Origin:

From latin praemium ("reward, prize"), from prae ("before") + emere ("to buy").

Examples:

1. The company offers a premium service for an additional fee.
2. He had to pay a premium for the car because it was a luxury model.
3. She received a premium for her work on the project.
4. The insurance policy comes with a premium of $100 per month.
5. The premium wine is aged for ten years before it is sold.

(As an adjective)

Premium ( adjective )

1. An amount paid or required in payment for a privilege, service, or good.
2. An extra payment made to secure the use or ownership of something.
3. A sum added to an ordinary price, rate, salary, etc.

Origin:

From latin praemium ("reward, prize"), from prae ("before") + emere ("to buy").

Examples:

1. The company offers a premium service for an additional fee.
2. He had to pay a premium for the car because it was a luxury model.
3. She received a premium for her work on the project.
4. The insurance policy comes with a premium of $100 per month.
5. The premium wine is aged for ten years before it is sold.