If something is at a premium, it is wanted or needed, but is difficult to get or achieve. If space is at a premium, choose adaptable furniture that won't fill the room. = scarce
The payment(s) a policyholder is required to make in order to keep a life insurance policy in force Premiums may be made quarterly, semiannually, or annually by check or automatic bank withdrawal In some cases, a monthly option may be made available
Premium goods are of a higher than usual quality and are often expensive. the most popular premium ice cream in this country. = luxury
The amount of money paid to the insurance company in return for insurance protection Typically, a premium is payable once a year for the next year's insurance coverage Other modes of payment may include monthly, quarterly, semiannual or a single premium payment Also see Life Product Comparison
payment for insurance having or reflecting superior quality or value; "premium gasoline at a premium price