premium
noun
[ ˈpriːmɪəm ]
• an amount to be paid for a contract of insurance.
Similar:
insurance charge,
insurance payment,
regular payment,
instalment,
• a sum added to an ordinary price or charge.
• "customers are reluctant to pay a premium for organic fruit"
Similar:
surcharge,
additional payment,
extra amount/charge,
additional fee,
• something given as a reward, prize, or incentive.
• "the Society of Arts awarded him a premium"
Similar:
bonus,
extra,
percentage,
perk,
recompense,
remuneration,
prize,
reward,
incentive,
inducement,
perquisite,
bounty,
Origin:
early 17th century (in the sense ‘reward, prize’): from Latin praemium ‘booty, reward’, from prae ‘before’ + emere ‘buy, take’.
at a premium
• scarce and in demand.
• "space was at a premium"
Similar:
scarce,
in great demand,
like gold dust,
hard to come by,
in short supply,
thin on the ground,
few and far between,
not to be had,
rare,
rare/scarce as hen's teeth,
• above the usual or nominal price.
• "touts sell the tickets at a premium"
