premium
Pronunciation:
/ˈpɹimiəm/noun
Definitions
A prize or award.
Something offered at a reduced price as an inducement to buy something else.
A bonus paid in addition to normal payments.
The amount to be paid for an insurance policy.
adjective
Definitions
Superior in quality; higher in price or value.
High-end; belonging to the market segment between mid-market and luxury.