Definition of "premium"

Superior in quality; higher in price or value.  examples

(automotive) High-end; belonging to the market segment between mid-market and luxury.  examples

A prize or award.  examples

Something offered at a reduced price as an inducement to buy something else.  examples

A bonus paid in addition to normal payments.  examples

(insurance) The amount to be paid for an insurance policy.  examples

An unusually high value.  examples

(finance) The amount by which a security's value exceeds its face value.  examples