premium ( 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.
...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
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