- premium
- {{Roman}}I.{{/Roman}} noun1 extra value/priceADJECTIVE▪ hefty, high▪
The company is charging a pretty hefty premium for access to their network.
▪ small▪ additional, extra▪ priceVERB + PREMIUM▪ pay▪Electricity companies pay a premium for renewable energy.
▪ charge▪ place, put▪ command▪ collect, earn, receivePREPOSITION▪ at a premium▪Good hotels are at a premium (= difficult to obtain and therefore expensive).
▪ premium of▪bought at a premium of 40% above the current market price
▪ premium on▪The company places a high premium on customer loyalty.
2 payment for insuranceADJECTIVE▪ annual, monthly, regular (esp. BrE)▪ high, low, small▪Intense competition has kept premiums low.
▪ insurance▪ risk▪There's a risk premium of probably $10 a barrel built into oil prices.
▪ equity▪equity risk premiums
▪ health-care (esp. AmE), health-insurance▪ malpractice (esp. AmE)▪the rising cost of medical malpractice insurance premiums
VERB + PREMIUM▪ pay▪ afford▪ keep up▪We're struggling to keep up our premiums.
▪ increase, raise▪The insurance company has increased our premiums.
▪ cut, lower, reducePREMIUM + VERB▪ go up, increase, rise▪My insurance premiums increase each year.
▪ fall, go down▪ cost sth▪The additional premium costs $1 800 a year.
PREMIUM + NOUN▪ payment, rate▪ increasePREPOSITION▪ premium for▪the premiums for your pension plan
▪ premium on▪{{Roman}}II.{{/Roman}}Premiums on many cars will go up this year.
adj.
Collocations dictionary. 2013.