A reward or recompense; a prize to be won by being before another, or others, in a competition; reward or prize to be adjudged; a bounty; as, a premium for good behavior or scholarship, for discoveries, etc.
Something offered or given for the loan of money; bonus; -- sometimes synonymous with interest, but generally signifying a sum in addition to the capital.
A sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind.
A sum in advance of, or in addition to, the nominal or par value of anything; as, gold was at a premium; he sold his stock at a premium.
In the modern-day world, where time is premium and battle for subsistence is unimaginably tough, the hapless common man simply gives in and pays the bribe just to get on with life. Shaffi Mather
I do think there is a lot of potential if you have a compelling product and people are willing to pay a premium for that. I think that is what Apple has shown. You can buy a much cheaper cell phone or laptop, but Apple's product is so much better than the alternative, and people are willing to pay that premium. Elon Musk
Justice is the insurance which we have on our lives and property. Obedience is the premium which we pay for it. William Penn
Your premium brand had better be delivering something special, or it's not going to get the business. Warren Buffett
If things don't come easy, there is no premium on effort. There should be joy in the chase, zest in the pursuit. Branch Rickey