premium product meaning, premium product definition | English Cobuild dictionary

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  ( premiums    plural  )
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   A premium is a sum of money that you have to pay for something in addition to the normal cost.  
usu sing, oft N n  
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   Premium goods are of a higher than usual quality and are often expensive.  
ADJ n   (=luxury)  
...the most popular premium ice cream in this country.     
4    If something is at a premium, it is wanted or needed, but is difficult to get or achieve.  
at a premium      phrase   usu v-link PHR   (=scarce)  
If space is at a premium, choose adaptable furniture that won't fill the room.     
5    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.  
at a premium      phrase   PHR after v  
He eventually sold the shares back to the bank at a premium.     
6    If you place a high premium on a quality or characteristic or put a high premium on it, you regard it as very important.  
place a high premium on sth/put a high premium on sth      phrase   V inflects, PHR n  
I place a high premium on what someone is like as a person...     

premium bond        ( premium bonds    plural  ) 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.      n-count  
Translation English Cobuild Collins Dictionary  
Collaborative Dictionary     English Cobuild
competitive set: a group of other brands offering a similar product or service, to the same consumers
(about a product or service) meant to meet the customers' basic requirements; with no add-ons, including only the basic features
E.g: It's a no frills hotel, but very clean and with friendly staff.
a technology item that a young person no longer uses and hands over to an older person, after having purchased a last generation product
The acquisition of a startup primarily for the team and talent, rather than for the technology or product.
refers to a product or service whose design, blueprint or code is free to use and modify
Examples of open source projects: Linux, Mozzila Firefox (softwares); DIY open drones (drone design), arduino (electronics)
transformation of a story or a product in a game
very short presentation of a product or a company that you would do to somebody you meet briefly, like in an elevator, to attract his/her attention
intentional copy and use of a software product without the permission of its owner
the impossibility to make a good quality product using bad quality materials
expression used to describe the practice of a company using internally the marketed products
[Bus.] expression originating from and widely used in software industry; the practice is also known as "dogfooding"
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