premium meaning

premium means 'of higher quality or value; an extra payment'.

premium :

of high quality, superior

adjective

▪ This is a premium product.

▪ This is a high-quality product.

▪ They offer premium services.

▪ They offer top services.

paraphrasing

▪ deluxe – luxurious

▪ superior – better

premium :

extra payment, additional charge

noun

▪ We paid a premium for fast delivery.

▪ We paid extra for fast delivery.

▪ The premium covers all services.

▪ The extra charge covers all services.

paraphrasing

▪ surcharge – extra fee

▪ fee – charge

Pronunciation

premium [ˈpriː.mi.əm]

The stress is on 'pre' and sounds like 'pree-mee-um'.

Common phrases and grammar about premium

premium - Common meaning

adjective
of high quality, superior
noun
extra payment, additional charge

Part of Speech Changes for "premium"

▪ premiumize (verb) – to make something premium

▪ premiumization (noun) – the process of making something premium

Common Expressions with "premium"

▪ premium price – high price

▪ premium quality – high quality

▪ insurance premium – payment for insurance

▪ premium service – high-quality service

Important examples of premium in TOEIC

Vocabulary examples from the TOEIC test

In TOEIC vocabulary questions, premium often refers to high quality or extra cost.

▪They offer premium services for an extra fee.
▪They offer high-quality services for more money.

Example of a confusing word: prime (main or most important)

▪They offer prime services for an extra fee.
▪They offer main services for an extra fee.
"Premium" is used to describe something of high quality or that comes with an additional cost, as in "premium services." It implies exclusivity or superior quality. "Prime," however, means "main" or "most important" and does not convey the idea of extra cost or enhanced quality. Saying "prime services" suggests the primary services offered, not necessarily high-quality or costly ones. Therefore, "premium" is the correct choice for indicating high-quality services for an additional fee.

Grammar examples from the TOEIC test

Premium is used as an adjective or noun, often in questions about quality or cost.

▪This is a premium feature.
▪This is a high-quality feature.

premium

Idioms and fixed expressions in TOEIC

premium quality

'high quality', used to describe superior products.

▪This product is of premium quality.
▪This product is of high quality.

at a premium

means 'in high demand and expensive'.

▪Parking spaces are at a premium in the city.
▪Parking spaces are in high demand and costly in the city.

Differences between similar words and premium

premium

,

deluxe

differences

Premium means high quality, often with extra cost, while deluxe implies luxury and comfort.

premium
▪This is a premium service.
▪This is a high-quality service.
deluxe
▪They stayed in a deluxe suite.
▪They stayed in a luxurious suite.
premium

Words with the same origin as premium

The origin of premium

The word 'premium' comes from the Latin 'praemium', meaning 'reward' or 'prize'.

Word structure

It has the prefix pre (before), root em (to take), and suffix ium (noun), meaning 'reward taken before'.

Words with the same origin

The root of premium is em (to take). Words with the same root include redeem (to take back).

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