noun

premium

Translation

premium, insurance premium, surcharge, high-quality

You pay a monthly premium for insurance.

This is a premium brand of coffee.

They put a premium on customer satisfaction.

a premium ((for sth.)) an extra amount of money paid for sth. There is a premium for express delivery.

premium ((noun)) of very high quality They sell premium gasoline.

to put a premium on ((sth.)) to consider sth. very important They put a premium on safety.

Synonyms: (noun) fee, bonus; (adj) superior, deluxe; Antonyms: (adj) basic, standard

From Latin 'praemium' ('reward, prize'), from 'prae-' (before) + 'emere' (to buy, take). Something one gets 'before' or above others.

Think of 'premium' as a 'price' for something special (noun), or describing something that is special/high-quality (adjective).