premium
//ˈpriːmiəm//
Noun
premiumSingular
premiumsPlural
1
An amount paid in addition to a standard price or charge.
Customers pay a premium for express delivery.
2
A sum paid for an insurance policy.
My car insurance premium increased this year.
3
Something given as a reward or incentive.
Customers who sign up today will receive a premium.
Adjective
premiumCanonical form
1
Of superior quality or value; high-end.
This store sells premium coffee beans from around the world.