1. Payment for insurance (synset 113322642)
  2. The amount that something in scarce supply is valued above its nominal value (synset 113435159)
    "they paid a premium for access to water"
  3. A fee charged for exchanging currencies (synset 113345319)
  4. A prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc. (synset 113293306)
    "they encouraged customers with a premium for loyal patronage"
  5. Payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military (synset 113293082)
  1. Having or reflecting superior quality or value (synset 302352428)
    "premium gasoline at a premium price"

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