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premium

Pronunciation: /ˈpriːmiəm/

Translation of premium in Spanish:

noun/nombre

[Finance]
  • 1.1
    (insurance premium)
    prima (feminine) de seguro
    1.2 (surcharge) recargo (masculine) to put a premium on sth hacer* hincapié en algo, darle* mucha importancia a algo Victorian furniture sells at a premium these days hoy en día los muebles victorianos están muy cotizados to be at a premium (in short supply) escasear (lit: above par) estar* por encima de la par when time is at a premium cuando el tiempo apremia
    Example sentences
    • 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.
    1.3 (bonus) prima (feminine)
    Example sentences
    • 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.

adjective/adjetivo

  • (before noun/delante del nombre) de primera, de alta calidad premium grade gasoline (American English/inglés norteamericano) gasolina (feminine) or (Andes) bencina (feminine) or (River Plate area/Río de la Plata) nafta (feminine) súper premium price/rate precio (masculine) elevado premium product producto (masculine) de superior calidad

Definition of premium in:

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Cultural fact of the day

In Spain, the paga extra (or paga extraordinaria) is a bonus payment equivalent to a month's salary, paid twice a year, at Christmas and in July before the summer vacation, on top of the normal monthly salary. These bonuses are written into most permanent employment contracts.