a prize, bonus, or award given as an inducement, as to purchase products, enter competitionsinitiated by business interests, etc.
2.a bonus, gift, or sum additional to price, wages, interest, or the like.
3. a sum above the nominal or par value of a thing.
- of exceptional quality; of higher price or cost
- idiom: at a premium
- in short supply, in demand: time is at a premium
Housing in that area is at a premium.
Of course, green car rentals do come with a premium .
The new law requires that the administration review premium increases annually, beginning this year.
Don't fill up with the cheap gas, use premium gas.
In other words, as grants come under fire, there will be a premium on good communication about your research.
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