- an amount of money that you pay once or regularly for an insurance policy
- a monthly premium of £66.25
Synonyms paymentpaymentpremium ▪ contribution ▪ subscription ▪ repayment ▪ deposit ▪ instalmentThese are all words for an amount of money that you pay or are expected to pay, or for the act of paying.payment an amount of money that you pay or are expected to pay; the act of paying:- ten monthly payments of $50
- payment in advance
- an insurance premium
- a premium for express delivery
- You can increase your monthly contributions to the pension plan.
- a subscription to Netflix
- the repayments on the loan
- We've put down a 5 per cent deposit on the house.
- We paid for the car by/in instalments.
- (a/an) annual/monthly/regular payment/premium/contributions/subscription/repayment/deposit/instalment
- payment/repayment in full
- to pay a(n) premium/contribution/subscription/deposit/instalment
- to make a payment/repayment/deposit
- to meet/keep up (with) (the) payment(s)/the premiums/(the) repayment(s)/the instalments
Extra Examples- Intense competition has kept premiums low.
- The insurance company has increased our premiums.
- Premiums on many cars will go up this year.
- We're struggling to keep up our premiums.
Oxford Collocations Dictionaryadjective- annual
- monthly
- regular
- …
- pay
- afford
- keep up
- …
- go up
- increase
- rise
- …
- payment
- rate
- increase
- …
- premium for
- premium on
- an extra payment added to the basic rate
- You have to pay a high premium for express delivery.
- A premium of 10 per cent is paid out after 20 years.
- He was willing to pay a premium for a house near the sea.
- There's a risk premium of probably $10 a barrel built into oil prices.
- a premium-rate phone number
Oxford Collocations Dictionaryadjective- hefty
- high
- small
- …
- pay
- charge
- place
- …
- at a premium
- premium of
- premium on
- …
Word Originearly 17th cent. (in the sense ‘reward, prize’): from Latin praemium ‘booty, reward’, from prae ‘before’ + emere ‘buy, take’.
Idioms
See premium in the Oxford Advanced American DictionarySee premium in the Oxford Learner's Dictionary of Academic Englishat a premium
- if something is at a premium, there is little of it available and it is difficult to get
- Space is at a premium in a one-bedroomed apartment.
- Good student accommodation is at a premium.
- at a higher than normal price
- Shares are selling at a premium.
put/place/set a premium on somebody/something
- to think that somebody/something is particularly important or valuable
- The company places a high premium on initiative.
- They put a high premium on customer loyalty.
Check pronunciation:
premium