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premium

Noun

Meaning

• An amount to be paid for an insurance policy.

• A sum added to an ordinary price or charge.

Examples

• She pays a monthly premium for her health insurance.

• Customers are willing to pay a premium for organic products.

• The product comes at a premium price.

premium

Noun

Meaning

• An amount to be paid for an insurance policy.

• A sum added to an ordinary price or charge.

Examples

• She pays a monthly premium for her health insurance.

• Customers are willing to pay a premium for organic products.

• The product comes at a premium price.