premium

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♦ pre|mium /pr'iːmiəm/ (premiums)
1 [N-COUNT]
A premium is a sum of money that you pay regularly to an insurance company for an insurance policy.
It is too early to say whether insurance premiums will be affected.
2 [N-COUNT] usu sing, oft N n
A premium is a sum of money that you have to pay for something in addition to the normal cost.
Even if customers want `solutions', most are not willing to pay a premium for them...
Callers are charged a premium rate of 48p a minute.
3 [ADJ] ADJ n
Premium goods are of a higher than usual quality and are often expensive.
...the most popular premium ice cream in this country.
= luxury
4 [PHRASE] usu v-link PHR
If something is at a premium, it is wanted or needed, but is difficult to get or achieve.
If space is at a premium, choose adaptable furniture that won't fill the room.
= scarce
5 [PHRASE] PHR after v
If you buy or sell something at a premium, you buy or sell it at a higher price than usual, for example because it is in short supply.
He eventually sold the shares back to the bank at a premium.
6 [PHRASE] V inflects, PHR n
If you place a high premium on a quality or characteristic or put a high premium on it, you regard it as very important.
I place a high premium on what someone is like as a person...pre|mium bond (premium bonds)
[N-COUNT]
In Britain, premium bonds are numbered tickets that are sold by the government. Each month, a computer selects several numbers, and the people whose tickets have those numbers win money.

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