premium - definition and synonyms

noun [countable] 

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  1. 1
    an amount of money that you pay regularly for an insurance policy

    Your monthly premium will be £36.

    Insurance premiums will increase again next year.

  2. 2
    an amount of money paid in addition to the usual amount

    Customers are required to pay a premium for this service.

  3. 3
    business the amount by which the price of a share is higher than its original price