premia

Noun

premium (plural premiums or premia)

1. A prize or award.
2. Something offered at a reduced price as an inducement to buy something else.
3. A bonus paid in addition to normal payments.
   • At first I wrote it off to the simpler protocols of grandparenthood, with its premium on uncomplicated gestures of generosity and love.2009 July 19, Ariel Sabar, “A Time to Put Aside the Armor”, in The New York Times
4. The amount to be paid for an insurance policy.
   • (Of course, if an insured dies during the grace period, the unpaid annual premium or instalment thereof is past due and therefore is deducted from the death benefit.)1951, State Farm Life Insurance Company, Life Agents Handbook, page 62
5. An unusually high value.
6. The amount by which a security's value exceeds its face value.

   Antonyms:

   discount

See all 8 meanings of premium