premium

Noun
  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)
Adjective
  1. Having or reflecting superior quality or value (synset 302352428)
    "premium gasoline at a premium price"

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