The meaning of PREMIUM is a reward or recompense for a particular act. How to use premium in a sentence. a reward or recompense for a particular act; a sum over and above a regular price paid chiefly as an inducement or incentive… See the full definition. Games; Word of the Day; Grammar; Wordplay; New Slang; Rhymes; Word Finder ...

PREMIUM definition: 1. an amount that is more than usual: 2. an amount of money paid to get insurance: 3. the highest…. Learn more.