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Learn to pronounce pre·mi·um

/ˈprēmēəm/
noun
  1. an amount to be paid for an insurance policy.
    synonyms: insurance charge, insurance payment, regular payment, installment
  2. a sum added to an ordinary price or charge.
    "customers are reluctant to pay a premium for organic fruit"
    synonyms: surcharge, additional payment, extra amount/charge, additional fee
  3. something given as a reward, prize, or incentive.
    "the Society of Arts awarded him a premium"
    synonyms: bonus, extra, percentage, perk, recompense, remuneration, prize, reward, incentive, inducement, perquisite, bounty

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