premium

Definitions (5)
Related Terms
1. General: Excess over apparent worth.
2. Banking: Fee charged for advancing a loan (see points).
3. Commerce: Merchandise offered free or at reduced price to make a combined offer (see bundling) more attractive to the customer.
4. Mutual funds: Closed-end mutual fund's market price above its net asset value.
5. Securities: Amount by which a security is selling at above its par value.

Use 'premium' in a Sentence

The bank offered the man a premium home loan but the man declined it and chose a loan with less interest.
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A premium can refer to many things such as a type of account with special privileges and access to certain areas.
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Premium access to any service is most certainly going to cost you a little bit more but you will enjoy a better product because of it.
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