noun (plural premiums)
- Correctly computed, the income of a wage earner entitled to a pension consists of his wages plus the amount of the premium he would have to pay to an insurance company for the acquisition of an equivalent claim.
- Non-group insurance is expensive: premiums and deductibles are higher and overall plan benefits are less generous than for group plans.
- In some parts of the country, insurance premiums have more than doubled.
- An indemnity bond is a premium charged by the lender and paid by the customer to insure the lender against a default in mortgage repayments by the borrower.
- Employers in the restaurant, bar and tourist trade have been particularly vocal in querying the provisions on tips, weekend premiums and service charges.
- Managers want to pay as small a premium to the market price as possible.
- Much of the increase in the wage premium for education and skills is due to technological change that has increased demand for highly educated workers.
- American workers who use computers command a wage premium of 15% over workers who do not.
- In other words, the wage premium earned by the highly skilled is increasing.
- In Aberdeen, the licensing board has proposed minimum drink prices in pubs of £1.75 for a pint of beer, cider, premium lager or cocktail.
- As technology sectors develop, advanced products carrying premium prices become commodities.
- She said: ‘These are top quality, premium products but we sell them at affordable prices.’
- The bankers who helped to launch the deal confidently predicted that the shares would trade a premium to net asset value.
- It is difficult to imagine the shareholders turning the deal down, since it represents a 16 per cent premium to the share price last month.
- A bid of €3 would represent a premium of over 50 per cent on where the company traded on Friday afternoon.
- It took place originally in the Fair Field, Killarney on the afternoon after the morning show where the winners were selected and premiums awarded.
- The prize still dangles again this week with the additional premium at E3,200.
- He was awarded many premiums from officials of the T'ang Dynasty.
- 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.
- 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.
put (or place) a premium on
- Regard or treat as particularly valuable or important: he put a premium on peace and stabilityMore example sentences
- High fuel costs make commodities more expensive and put a premium on locally produced goods.
- Instruct your Web designer to put a premium on users' experience; look and feel are as important as functionality.
- Americans in 1921 placed a premium on efficiency, and Hoover was widely regarded as its embodiment.
Early 17th century (in the sense 'reward, prize'): from Latin praemium 'booty, reward', from prae 'before' + emere 'buy, take'.
pre-empt from mid 19th century:
It you pre-empt someone, you get there first. The original Latin came from prae ‘in advance’ and emere ‘buy’. Pre-emption (early 17th century) was the earliest form of the word, pre-empt being formed from it. The same root lies behind premium (early 17th century).
Words that rhyme with premiumfreemium, gelsemium
For editors and proofreaders
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.