premium
AdjectiveNounTransitive Verb
Meanings
Adjective
Of a superior quality or higher value than the standard version.
"The hotel offers premium suites with panoramic views of the city."
Noun
An amount to be paid for an insurance policy.
"The monthly premium for the health insurance plan increased by ten percent."
Noun
A sum of money added to a basic price or amount as an incentive or for a special advantage.
"The company paid a premium to acquire the startup quickly."