■ noun ( plural ~s )
1》 an amount paid for a contract of insurance.
2》 a sum added to an ordinary price, charge, or other payment.
↘[as modifier ] (of a commodity) superior and more expensive.
3》 something given as a reward or incentive.
Phrases
at a ~
1》 scarce and in demand.
2》 above the usual price.
put (or place ) a ~ on regard as particularly valuable.
Origin
C17: from L. praemium 'booty, reward', from prae 'before' + emere 'buy, take'.