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premium

/ˈpɹiː.miː.əm/ adjective

Latin root: praemium Wiktionary

adjective Definition from Wiktionary (CC BY-SA). Pronunciation from Wiktionary, via Kaikki.org. More about premium at Wordnik → Where our words come from →

  1. Superior in quality; higher in price or value.
  2. High-end; belonging to the market segment between mid-market and luxury.

noun

  1. A prize or award.
  2. Something offered at a reduced price as an inducement to buy something else.
  3. A bonus paid in addition to normal payments.

Origin

From Latin praemium (“prize”).

From Wiktionary, via Kaikki.org (CC BY-SA)