premium

Definitions (6)

1. The amount by which a bond or stock sells above its par value.
2. The amount by which a closed-end fund's market price exceeds the value of its holdings.
3. An additional cost above the normal cost.
4. The amount that the buyer of an option pays to the seller.
5. A regular periodic payment for an insurance policy, here also called insurance premium.
6. The amount by which the first trading of an IPO exceeds its offering price. opposite of discount.

Use premium in a sentence

I upgraded to a premium membership and I could now do a lot more on the site that I could not do before.

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I don't mind paying a high insurance premium periodically for my policy to avoid costly deductibles in the event that I have a pressing health need.

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Our employees have been resistant to the increase in their health insurance premiums despite our attempts to communicate the state of the marketplace.

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