PREMIUM

(EXTRA) [noun] [C] - an amount which is more than usualThe company is willing to pay a premium in order to get the right person for the job.An organic dairy farmer whose milk earns a premium for (= costs more because of its) cleanliness was featured in the magazine.Because of their location, these offices attract a premium (= cost more to rent than other offices).The modified cars are available at a (5%) premium (= a (5%) higher price).The modified cars are available at a premium (of 5%) over (= a price (5%) higher than) the original price.The premium on (= need for a greater amount of) space forced the company to establish an out-of-town headquarters.The busy shopper puts a premium on (= appreciates and will pay more for) finding everything in one big store.These riverside apartments command premium (= high) rents.Premium is sometimes used to show that something is of higher than usual quality.premium pork sausagespremium ice creampremium orange juiceThe building is on a premium site.If something is at a premium, it is not common and is therefore valuable.Free time is at a premium for working parents.(UK) A premium bond is part of a government system in which people buy some bonds (= numbered tickets) and every month have the chance to win a prize of money.(US) Premium (gas) is (US) for four-star petrol.See at four.