Finesentence mobile logo
Sign in Login / Register

Premium Meaning: Definition, Examples, and Translations

๐Ÿ’Ž
Add to dictionary

premium

[หˆpriหmiษ™m ]

Definition

Context #1 | Adjective

product description

Of superior quality or value; high in price. Premium products are known for their exceptional quality and luxury appeal.

Synonyms

high-quality, luxury, superior.

Which Synonym Should You Choose?

arrow down
Word Description / Examples
premium

Typically used to describe a product or service that is more expensive due to its higher quality or additional features.

  • The premium package includes extended support and additional features
  • Premium coffee beans are sourced from the best farms
high-quality

Used to refer to something that is very good in terms of craftsmanship, durability, or performance, often without implication of luxury.

  • These high-quality shoes will last for years
  • The company is known for producing high-quality electronics
luxury

Used to describe something that provides great comfort or pleasure, often expensive and associated with a high status.

  • She stayed in a luxury hotel overlooking the ocean
  • He bought a luxury car with all the latest features
superior

Implies that something is better in comparison to similar items, often highlighting better performance, quality, or value.

  • This brand is known for its superior technology and innovation
  • Customers prefer this product because of its superior durability

Examples of usage

  • The premium version of the car comes with leather seats and a built-in navigation system.
  • This smartphone brand is known for its premium build quality and high-end features.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Marketing

  • Products labeled as 'premium' often use it as a strategy to suggest higher quality and exclusivity.
  • Freemium models in app and software development provide basic services for free while charging for premium features.
  • Consumers often perceive premium products as being better, which can influence their buying decisions, regardless of actual quality.

Economics

  • In insurance, a premium is the amount paid periodically to keep a policy active, offering a sense of security.
  • Luxury items often command a premium price due to their craftsmanship, brand name, or rarity.
  • Market dynamics can cause a premium to shift; in times of high demand, sellers may increase prices over the standard.

Culture

  • In the restaurant industry, you might see a menu item called 'premium' which indicates the finest ingredients are used.
  • Fashion brands often market certain lines as 'premium' to target affluent consumers looking for exclusivity.
  • Daily-use products, like coffee or chocolate, are sometimes labeled as premium to imply a superior taste or quality experience.

Origin of 'premium'

Main points about word origin

  • The word 'premium' originates from the Latin 'praemium,' meaning reward or prize.
  • In the 17th century, it began to be associated with things offered at a higher price or value.
  • Originally, it was used in financial contexts to describe additional payments on top of standard amounts.

The word 'premium' originated in Latin as 'praemium', meaning reward or prize. Over time, it evolved to denote a superior quality or value, often associated with a higher price. The concept of premium products has been prevalent in various industries, highlighting exclusivity and top-notch characteristics.

Word Frequency Rank

Ranking #3,637, this word is part of upper-intermediate vocabulary. While not among the most basic terms, it appears often enough to be valuable for advanced communication.