Definition of at a premium in English:

at a premium

  • 1Scarce and in demand: space was at a premium
    More example sentences
    • Property is an excellent investment, particularly in Dublin, where space is at a premium but demand remains high.
    • It had a whopping 64MB of memory, so space was at a premium.
    • This was sensible as in mid-summer hut space is at a premium.
    Synonyms
    scarce, in great demand, hard to come by, in short supply, thin on the ground
  • 2Above the usual or nominal price: books with pristine dust jackets are less common and sell at a premium
    More example sentences
    • The price they'll get has been set at a premium above what they could expect to receive from traditional marketing outlets.
    • In Edinburgh the market is still robust and city centre property prices for developers are at a premium.
    • With the development plans in limbo, prices should remain at a premium.
See parent entry: premium

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Word of the day coloratura
Pronunciation: ˌkɒlərəˈtjʊərə
noun
elaborate ornamentation of a vocal melody